In this paper, we develop a North-South endogenous growth model to examine three phases of development in the South …: imitation of Northern products; imitation and innovation; and finally, innovation only. In particular, the model has the …. First, because subsidies to Southern innovation benefit the North as well, it is beneficial to the North to pay for some of …

government subsidy. Data for the various Visegrád countries suggest that the total stock of tax arrears is on the order of 5- 10 …

private savings behaviour, on economic growth. Private saving behaviour is represented by an overlapping generations (OLG …) model. The supply side of the model permits endogenous growth through aggregate constant returns to an augmentable input …

We analyse the impact of micro-founded political institutions on environmental policy and economic growth. We model an …

can have a positive effect on output, growth, or more generally ex-ante welfare. Aggregate efficiency gains, in turn …

economic growth are stronger when the human capital sector is a market good. Under these circumstances, a subsidy to human … endogenous growth. It examines in particular how these effects depend on the specification of the leisure activity and on the … capital accumulation can offset the direct growth effects of labour taxation, making it akin to a consumption tax. The paper …

The effects of income and consumption taxation are examined in the context of models in which the growth process is … growth are discussed. It is shown that the effects of taxation on growth depend crucially on whether the sector producing … activity. In general, the taxation of factor incomes (human and physical capital) is growth-reducing, while the effects of a …