Many commodities, before reaching their final destinations, are transshipped through several nations, each having independent authorities to tax commodities in transit. However, we show that such gmiddleh nations may be unable to exercise monopoly power over commodities in transit and all the...

Many countries around the world have implemented subsidies for utility consumption, especially in the case of water and electricity. Most subsidies take the form of a lifeline or increasing block tariff, whereby households that consume less pay less on a unit basis. The idea is that households...

This paper empirically estimates the pass-thought of the value-added tax (VAT) on Colombian consumer prices. The identification strategy uses the consumer price index and takes advantage of the relatively frequent tax reforms that have taken place recently in Colombia. The results suggest that...

Neoclassical growth models predict that reductions in capital or labor tax rates are expansionary when lump-sum transfers are used to balance the government budget. This paper explores the consequences of bond-financed tax reductions that bring forth a range of possible offsetting policies,...

This paper examines a revenue neutral green tax reform along the lines of the Double Dividend hypothesis. Using a dynamic general equilibrium model calibrated to the US economy, we find that increasing gasoline taxes and using the revenue to reduce capital income taxes does indeed deliver both...

Traditionally, Dynamic Scoring calculations experiments are carried out using representative agent based macroeconomic models. Existing literature does not provide any objection to this approach. In this paper, I develop a heterogeneous agent model similar to the Saver-Spenders model of Mankiw...

We present a fairly standard general equilibrium model of endogenous growth with productive and non-productive public goods and servives. The former enhance private productivity and the latter private utility. We solve for Ramsey second-best optimal policy (where policy is summarized by the...

Este estudio continúa la línea de investigación acerca de los determinantes de las actividades de Investigación y Desarrollo y su impacto sobre la innovación tecnológica y la productividad de las plantas manufactureras en Chile (Benavente y Crespi, 1996y Benavente 2002). Los resultados...

This paper introduces a simulation procedure in the context of a demand system for vice -- marijuana, tobacco and alcohol -- to formally account for the inherent uncertainty in marijuanarelated data and parameters. This entails using existing econometric estimates pertaining to the consumption...

This paper analyzes the interplay of growth, distribution and public policy when the latter depend on economically important fundamentals. It is shown that not only pro-capital, but also pro-labour or income egalitarian policies lead to high growth. The paper argues that the long-run...