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The literature on growth theory is rich with models attempting to explain growth differences among countries. Several … variables have been proposed many of which were found to be positively related to growth. However, a major problem with these … models is that the factors explaining growth are endogenously determined by their environment so that a slow-growing or a …
Persistent link: https://www.econbiz.de/10012503004
economic growth, this study examines empirically the key channels through which fiscal policy impacts economic growth in the … debt financing, governance, efficiency of spending, mixture of taxes can have a significant impact on growth. …
Persistent link: https://www.econbiz.de/10008595792
available human resourcesby encouraging former residents to come back. Indiana’s population growth has been weak relative to the … rest of the country. Over the next 25 years US population growth is expected to slow (0.8 percent per year) and Indiana …’s is expected to fall back more sharply (to 0.3 percent per year). Such slow growth in population and the workforce will …
Persistent link: https://www.econbiz.de/10005836060
The literature on growth theory is rich with models attempting to explain growth differences among countries. Several … variables have been proposed many of which were found to be positively related to growth. However, a major problem with these … models is that the factors explaining growth are endogenously determined by their environment so that a slow-growing or a …
Persistent link: https://www.econbiz.de/10004976664
This paper analyzes the political economy of growth when agents and the government have finite horizons and equilibrium … growth is inefficient. A "representative" government (i.e. one whose preferences reflect those of its constituents) endowed …-best growth. Efficiency requires in addition the ability to bind future governments. We argue that this ability is related to …
Persistent link: https://www.econbiz.de/10005091002
This paper analyzes the effects of interpersonal fiscal redistribution on provincial growth and convergence in Spain … conclusion is that interpersonal fiscal flows are an important policy instrument to promote both growth and, above all …
Persistent link: https://www.econbiz.de/10011097405
demonstrates that in the context of a neoclassical growth model, differences in marginal tax rates on income from capital …
Persistent link: https://www.econbiz.de/10008464952
explores implications for growth, innovation, inflation, financial markets, fiscal policy, and several socio-economic outcomes …
Persistent link: https://www.econbiz.de/10014374494
comparing the measures and assessments of productivity and potential output growth differentials between industrialised …
Persistent link: https://www.econbiz.de/10009283329
The aim of this paper is to examine how inflation volatility affects economic growth in a small open economy. To reach … growth rate is endogenously determined, in the equilibrium, as a function of parameters of the inflation process. …
Persistent link: https://www.econbiz.de/10010812555