Showing 61 - 70 of 81,651
This paper analyzes the interplay of growth, (re-)distribution and policies when the latter are set exogenously or when the latter depend on economically important fundamentals. A redistribution policy generally causes lower growth, but less so when there is technological progress. The model...
Persistent link: https://www.econbiz.de/10010266883
We construct a tractable endogenous growth model with production externalities in which the public capital stock augments investment specific technological change. We characterize the first best fiscal policy and show that there exist several labor and capital tax-subsidy combinations that...
Persistent link: https://www.econbiz.de/10011807670
In this paper the impacts of income and consumption taxes are analyzed within a model of stochastic endogenous growth …
Persistent link: https://www.econbiz.de/10010317569
This paper analyzes stochastic productive pollution within a model of endogenous growth. The extent to which the agents perceive their individual influence on aggregate pollution is parameterized. Recursive preferences allow for the separation between intertemporal substitutability and risk...
Persistent link: https://www.econbiz.de/10005243328
Persistent link: https://www.econbiz.de/10005345467
economy. When factor income taxes finance public investment infintely many tax-subsidy combinations can decentralize the … incorporate administrative costs. A unique combination of factor income taxes now decentralizes the planner's allocations. A … simple calibration exercise suggests that changes in factor income taxes does not cause a significant change in the optimal …
Persistent link: https://www.econbiz.de/10009325573
Persistent link: https://www.econbiz.de/10005706608
The government temporal horizon is shown to be a key determinant of the optimal tax structure in an endogenous growth model of the US economy. As the temporal horizon lengthens, wage taxation is gradually substituted by consumption taxation. The optimal tax mix depends notably on the leisure...
Persistent link: https://www.econbiz.de/10005767614
This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The agents have environmental preferences, but they neglect their individual contribution to aggregate abatement. Therefore, environmental care is done by the government and financed via...
Persistent link: https://www.econbiz.de/10005138920
In this paper the impacts of income and consumption taxes are analyzed within a model of stochastic endogenous growth …
Persistent link: https://www.econbiz.de/10005464727