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two tax systems came about. Taxation is only feasible when men and land can be linked as a single bundle. Taxation of land … is not feasible without men, and taxation of men is not feasible without land. A tax maximizing bureaucrat has to combine …
Persistent link: https://www.econbiz.de/10010391803
This paper theoretically and empirically investigates the effect of natural resource rents on the process of economic liberalization and a potential moderating effect of the level of democracy. A simple political-economic model is developed in which the government in an autocratic country faces...
Persistent link: https://www.econbiz.de/10012543604
We investigate the conditions under which tax revenues can enhance economic growth. Using a newly constructed dataset consisting of 135 economies and spanning the period 1990-2019, we study how changes in tax revenues impact economic growth using a panel vector autoregression (PVAR) model. Tax...
Persistent link: https://www.econbiz.de/10014536126
Persistent link: https://www.econbiz.de/10011091655
The paper deals with the problem of taxation and its potential impact on economic growth and presents some new … economic growth. Based on the theory of public finance and taxation, we hypothesize that at relatively low tax rates it is … possible that the impact of taxation on economic growth become slightly positive. On the other hand when the tax rates are …
Persistent link: https://www.econbiz.de/10011188978
We develop two models of economic growth with exhaustible natural resources and consumers heterogeneous in time preferences. The first model assumes private ownership of natural resources. In the second model, natural resources are commonly owned and the resource extraction rate is chosen by...
Persistent link: https://www.econbiz.de/10008794566
-rate income taxation is higher than that in the case of lump-sum taxation. …
Persistent link: https://www.econbiz.de/10008794576
This paper assesses recent theorising and empirical evidence on the impact of fiscal policy—taxes, public expenditures and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low-income countries and compares the evidence for low-income...
Persistent link: https://www.econbiz.de/10010279253
This paper investigates economic growth under liquidity constraints by taking into account the choices of fertility, human capital and saving. In a model of four overlapping generations, parents are altruistic towards their offspring and finance their education investment. The government...
Persistent link: https://www.econbiz.de/10005789532
-designing taxation within each of the broad tax categories could in some cases ensure sizeable efficiency gains. For example, reduced …
Persistent link: https://www.econbiz.de/10005045631