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van der Enden, Eelco - 2020

Much has been said and written about the ‘fiscal behaviour' of multinationals. A tax code of conduct is often mentioned as a 'catch-all solution' for stimulating 'acceptable fiscal behaviour'. Stakeholders increasingly demand fiscal accountability to obtain verifiable and validated credible...

Persistent link: https://www.econbiz.de/10012832978

The marginal cost of public funds : a brief guide

Bastani, Spencer - 2023

When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...

Persistent link: https://www.econbiz.de/10014234016

Exports and externalities : the other side of trade and ecological risk

Warziniack, Travis; Finno, David; Shogren, Jason F.; … - 2009

This paper develops a general equilibrium model to measure welfare effects of taxes for correcting environmental externalities caused by domestic trade, focusing on exter- nalities that arise through exports. Externalities from exports come from a number of sources. Domestically owned ships,...

Persistent link: https://www.econbiz.de/10003832394

Managing Increasing Environmental Risks Through Agro-Biodiversity and Agri-Environmental Policies

Baumgärtner, Stefan; Quaas, Martin F. - 2014

Agro-biodiversity can provide natural insurance to risk-averse farmers by reducing the variance of crop yield, and to … analyze the choice of agro-biodiversity by risk-averse farmers who have access to financial insurance, and study the … implications for agri-environmental policy design when on-farm agro-biodiversity generates a positive risk externality. While …

Persistent link: https://www.econbiz.de/10014219671

The Golden Rule of Public Finance and the Composition of Government Expenditures : A Growth and Welfare Analysis

Groneck, Max - 2011

This paper employs an endogenous growth model to study the growth and welfare effects of the golden rule of public finance. Two versions are compared, whereby government deficits are restricted for the use of public investments. It is shown that the growth effect of the golden rule depends on...

Persistent link: https://www.econbiz.de/10013117730

Public Infrastructures, Public Consumption and Welfare in a New Open Economy Macro Model

Ganelli, Giovanni - 2009

This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption in a two-country model. The results show that a permanent increase in the domestic stock of...

Persistent link: https://www.econbiz.de/10013158382

Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model

Ganelli, Giovanni - 2007

This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy...

Persistent link: https://www.econbiz.de/10012777311

Growth and Welfare Effects of Fiscal Policy in an Endogenous Growth Model with Public Investment

Greiner, Alfred; Hanusch, Horst - 2012

In this article we present an endogenous growth model with productive public investment in infrastructure capital. Further, we suppose that the government pays lump-sum transfers to the household and subsidizes private investment. First, we demonstrate that there exists a unique balanced growth...

Persistent link: https://www.econbiz.de/10014215629

Public provision and local income tax competition

Kuhlmey, Florian; Hintermann, Beat - 2016

We extend the literature on local income tax competition by allowing for inter-jurisdictional spillovers and imperfect rivalry in consumption of a publicly provided good. Comparing decentralized second-best results of a theoretical model with an efficient benchmark, we identify three...

Persistent link: https://www.econbiz.de/10011436089

The welfare costs of tiebout sorting with true public goods

Hintermann, Beat; Kuhlmey, Florian - 2018

We develop a model of Tiebout sorting based on decentralized income taxation, which allows for spillovers and imperfect rivalry in consumption of the publicly provided good. We identify three sources of welfare loss from decentralization: Imperfect redistribution, inter-jurisdictional...

Persistent link: https://www.econbiz.de/10012061833

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