This paper presents a continuous time stochastic growth model to study the e¤ects of tax evasion and tax corruption on the level and volatil- ity of private investment and public spending. Our results suggest that there do exist several regimes of mean growth and growth volatility, de- pending...

This paper presents a continuous time stochastic growth model to study the effects of tax evasion and tax corruption on the level and volatility of private investment and public spending. Our results suggest that there do exist several regimes of mean growth and growth volatility, depending upon...

Avec 620 Millions d'Euros prévus sur 7 ans de 2007 à 2013, les Fonds européens interviennent massivement en Martinique. Parmi ces fonds, le seul Fonds européen de développement régional (FEDER) est doté de 417 Millions. Le FEDER créé en 1975 est, en l'absence de véritable fiscalité...

More than thirty years ago, Charnes, Cooper and Schinnar (1976) established an enlightening contact between economic production functions (EPFs) -- a cornerstone of neoclassical economics -- and information theory, showing how a generalization of the Cobb-Douglas production function encodes...