Search Results - subject:"Transitional dynamics"

Flat Tax Reform.The Baltics 2000-2007

Āzacis, Helmuts; Gillman, Max - 2008

The paper presents an endogenous growth economy with a representation of the tax rate system in the Baltic countries. Assuming that government spending is a given fraction of output, the papershows how a flat tax system balanced between labor and corporate tax rates can be second best optimal....

Persistent link: https://www.econbiz.de/10010494389

Flat Tax Reform.The Baltics 2000 – 2007.

Azacis, Helmuts; Gillman, Max - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2008

. Keywords: tax reform, endogenous growth, transitional dynamics, flat taxes JEL: E13, H20, O11, O14 3 Egykulcsos … exogenous growth, while we use endogenous growth, it includes the e�ect of transitional dynamics on welfare and includes a … bene�ts of moving towards the optimum. JEL: E13, H20, O11, O14 Keywords: tax reform, endogenous growth, transitional …

Persistent link: https://www.econbiz.de/10005404536

Growth and convergence in a model with renewable and nonrenewable resources

Nguyen, Manh Hung; Van, Phu Nguyen - Development and Policies Research Center (Depocen) - 2008

This paper analyzes the transitional dynamics in a model of economic growth with endogenous technological change and …

Persistent link: https://www.econbiz.de/10004968647

Estimating the Speed of Convergence in the Neoclassical Growth Model: An MLE Estimation of Structural Parameters Using the Stochastic Neoclassical Growth Model, Time-Series Data, and the Kalman Filter

Swaine, Daniel G. - Department of Economics and Accounting, College of the … - 2008

An important question is whether underdeveloped countries will converge to the per-capita income level of developed countries. Economists have used the disequilibrium adjustment property of growth models to justify the view that convergence should occur. Unfortunately, the empirical literature...

Persistent link: https://www.econbiz.de/10004990451

Baltic Tax Reform

Azacis, Helmuts; Gillman, Max - Economics Section, Cardiff Business School - 2008

The paper presents an endogenous growth economy with a representation of the tax rate system in the Baltic countries. Assuming that government spending is a given fraction of output, the paper shows how a flat tax system balanced between labor and corporate tax rates can be second best optimal....

Persistent link: https://www.econbiz.de/10004999123

Aging, transitional dynamics, and gains from trade

Naito, Takumi; Zhao, Laixun - Research Institute for Economics and Business … - 2008

We formulate a two-country, two-good, two-factor, two-period-lived overlapping generations model to examine how population aging determines the pattern of and gains from trade. We obtain two main results. First, the aging country endogenously becomes a small country exporting the...

Persistent link: https://www.econbiz.de/10005650730

A Model of Quality Ladders with Horizontal Entry

Gil, Pedro Rui Mazeda; Brito, Paulo; Afonso, Óscar - Faculdade de Economia, Universidade do Porto - 2008

rate and in the market structure and industry dynamics in steady state. We also conclude that the transitional dynamics is …

Persistent link: https://www.econbiz.de/10005031597

Baltic tax reform

Āzacis, Helmuts; Gillman, Max - 2008

The paper presents an endogenous growth economy with a representation of the tax rate system in the Baltic countries. Assuming that government spending is a given fraction of output, the paper shows how a flat tax system balanced between labor and corporate tax rates can be second best optimal....

Persistent link: https://www.econbiz.de/10010322797

Taxation and Income Distribution Dynamics in a Neoclassical Growth Model

Garcìa-Peñalosa, Cecilia; Turnovsky, Stephen J. - HAL - 2008

We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model in which agents differ in their initial capital endowment. The endogeneity of the labor supply plays a crucial role in determining inequality, as tax changes that affect hours...

Persistent link: https://www.econbiz.de/10008794135

Transitional dynamics in the Solow-Swan growth model with AK technology and logistic population change

Bucci, Alberto; Guerrini, Luca - 2008

Persistent link: https://www.econbiz.de/10011700823