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This paper develops a comprehensive endogenous growth framework to determine the optimal mix of growth policies. The analysis is novel in that we capture important elements of the tax-transfer system and fully take into account transitional dynamics in our numerical analysis. Currently, for...
Persistent link: https://www.econbiz.de/10008603062
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10008572585
This paper studies the impact of taxation on economic growth of the eight WAEMU countries. Among the critiques … increasing of taxation. The growth rate can be influenced by economic policy choice relative to taxation which has an effect on … taxation can be distortionary and like this negatively influences economic growth while law weight of taxation can generate …
Persistent link: https://www.econbiz.de/10011150776
This paper looks at the effects of taxes increase on economic growth of 47 developing countries. In developing countries, there is no magic tax strategy to encourage economic growth. Some countries with high tax burdens have high growth rates and some countries with low tax burdens have low...
Persistent link: https://www.econbiz.de/10011156993
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10011124029
In this study, the overall sum of the activities of the public sector in the economy, "public economic efficiency" and the event is defined as the conjectural characteristics of the different forms have changed, but is assumed to continue. Still the primary economic goals set by the mechanisms...
Persistent link: https://www.econbiz.de/10011110011
The optimal reaction to a pending climate catastrophe is to accumulate capital to be better prepared for the disaster and levy a carbon tax to reduce the risk of the hazard by curbing global warming. The optimal carbon tax consists of the present value of marginal damages, the non-marginal...
Persistent link: https://www.econbiz.de/10011161252
The optimal reaction to a productivity shock which becomes more imminent with global warming is to price carbon (proportional to the marginal hazard of a catastrophe) to curb the risk of climate change, but also to accumulate precautionary capital to facilitate smoothing of consumption and curb...
Persistent link: https://www.econbiz.de/10011196453
The optimal reaction to a pending productivity shock of which the expected arrival time increases with global warming is to accumulate more precautionary capital to smooth consumption and to levy a carbon tax, proportional to the marginal hazard of a catastrophe, to curb the risk of climate...
Persistent link: https://www.econbiz.de/10011084431
Persistent link: https://www.econbiz.de/10013388126