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calls for corrective tax increases for the rich and wealthy. Such calls are often confronted with the claim that higher … taxes on top personal incomes, corporate income and wealth are detrimental to growth and employment and/or will foster tax … crisis by many observers is to be avoided. Therefore, besides attempts at international tax coordination and harmonisation …
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The aim of this paper is to estimate the sensitivity of the natural rate of growth to the actual rate of growth for 15 OECD countries over the period 1961 to 1995, on the hypothesis that the natural rate of growth is not exogenously given. To do this we estimate the natural rate of growth and,...
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Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has...
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