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Over the last decades, the United States has experienced a large increase in, both, income inequality and living standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living standards play no role for taxes and transfers in...
Persistent link: https://www.econbiz.de/10015047233
estimates of good-specific growth rates, we estimate relative price change of ecosystem services of around 2.2 percent per year …
Persistent link: https://www.econbiz.de/10015047238
I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … interaction generates a balanced growth path that is observationally equivalent to that of the standard neoclassical growth model …, this change leads to faster growth in output per worker and wages, but it also yields higher unemployment and a lower labor …
Persistent link: https://www.econbiz.de/10015047249
What is the impact of taxation on growth? Is it supported by specific taxes and harmed by others? We use an error … correction model to study the relationship between the tax composition and GDP growth in the EU27 Member States over the period … (personal income tax) is growth-enhancing. In addition, growth is positively associated with a higher share of corporate income …
Persistent link: https://www.econbiz.de/10014550222
We investigate the relationship between remittances inflow and economic growth in a sample of 65 emerging countries …). Our empirical results show that the effect of remittances inflow on economic growth exhibits a highly nonlinear pattern …, which sheds new light on the remittances-growth nexus and provides evidence of a nonlinear relationship. …
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