medium run; and a new model of growth and structural change for the long run. Consideration is also given to the choice of …

in activity at firm level. The latter, in turn, result from changes in “animal spirits” or the state of long run …

This paper reassesses the relationship between tax structure and long run income, using as indicators of tax structure … shows, the link between tax structure and long run income per capita is not robust to the adoption of different assumptions … negative impact of labour taxation on long run income, but this result is shown to capture non-fiscal effects coming from the …