This paper develops a one-sector aggregate endogenous growth model with intertemporal preference dependence. The resultant model possesses the fundamental property of growth convergence, in the sense that countries with identical parameters regarding technology, preference, and government policy...

This paper studies the comparative effects between an exchange rate appreciation and the introduction of an export tax as alternative policy responses to address trade surplus concerns in a country with a fixed exchange rate regime facing a downward-sloping world demand curve for its exports. It...

This article argues that the validity of the increasingly fashionable policy advice—maximizing neutrality in taxation and addressing the distributive objective primarily through expenditure policy—is questionablebecause it ignores the revenue-raising aspect of progressive taxation....

Purpose – The paper aims to investigate the possible crowding-out of regular development aid by global taxes. Design/methodology/approach – The paper models cross-country interactions in aid giving using a simple Cournot-Nash framework. Findings – The paper argues that global taxes could...

Purpose – This paper aims to investigate whether the concept of the golden rule of capital accumulation is an applicable normative guidepost for a market economy even in the absence of the distortions usually associated with income and consumption taxes. Design/methodology/approach – The...

Purpose – The paper aims to investigate the possible crowding‐out of regular development aid by global taxes. Design/methodology/approach – The paper models cross‐country interactions in aid giving using a simple Cournot‐Nash framework. Findings – The paper argues that global taxes...