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Stable and Sustainable Global Tax Coordination with Leviathan Governments

Eichner, Thomas - 2014

Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated game model with tax-revenue maximizing governments. One of their major results is that the grand tax coalition is never stable and sustainable. The purpose of this note is to prove...

Persistent link: https://www.econbiz.de/10013048825

Self-Preserving Leviathans - Evidence from Regional-Level Data

Kluge, Jan - 2015

This paper investigates the impact of the intensity of political competition on the leviathan behavior by political incumbents. Using panel data from German municipalities, we test whether the relative political strength of parties in local councils influences the spending behavior of...

Persistent link: https://www.econbiz.de/10013028902

Exit and Voice : Yardstick versus Fiscal Competition across Governments

Bordignon, Massimo - 2007

Politicians are disciplined through the electoral system. But this is often not enough to eliminate political rents. Economists suggest that competition across governments may also help. But intergovernmental competition can take two forms, through tax competition (exit) or yardstick competition...

Persistent link: https://www.econbiz.de/10012776385

Growth of Income and Welfare in the U.S. 1979-2011

Komlos, John - 2016

We estimate growth rates of real incomes in the U.S. by quintiles using the Congressional Budget Office's (CBO) post-tax, post-transfer data as basis for the period 1979-2011. We improve upon them by including only the present value of earnings that will accrue in retirement and excluding items...

Persistent link: https://www.econbiz.de/10012991937

Lower Oil Prices and the U.S. Economy : Is this Time Different?

Baumeister, Christiane - 2017

We explore the effect on U.S. real GDP growth of the sharp and sustained decline in the global price of crude oil and hence in the U.S. price of gasoline after June 2014. Our analysis suggests that this decline produced a cumulative stimulus of about 0.9 percentage points of real GDP growth by...

Persistent link: https://www.econbiz.de/10012962117

The Decline in the Nutritional Status of the U.S. Antebellum Population at the Onset of Modern Economic Growth

A'Hearn, Brian - 2016

The decline in the physical stature of the American population for more than a generation beginning with the birth cohorts of the early 1830s was brought about by a diminution in nutritional intake in spite of robust growth in average incomes. This occurred at the onset of modern economic growth...

Persistent link: https://www.econbiz.de/10012999691

Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer

Irmen, Andreas - 2017

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

Persistent link: https://www.econbiz.de/10012965706

Migration, Congestion and Growth

Azarnert, Leonid V. - 2017

This article analyzes the effect of migration from a less advanced economy to a more advanced economy on economic growth. The analysis is performed in a two-country growth model with endogenous fertility, in which congestion diseconomies are incorporated. The model shows that out-migration...

Persistent link: https://www.econbiz.de/10012953488

Industrialisation and the Big Push in a Global Economy

Kreickemeier, Udo - 2017

In their famous paper on the “Big Push”, Murphy, Shleifer, and Vishny (1989) show how the combination of increasing returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old idea due to Rosenstein-Rodan (1943). We develop in...

Persistent link: https://www.econbiz.de/10012954362

Market Integration As a Mechanism of Growth

Keller, Wolfgang - 2016

In what sense are institutions a deep determinant of growth? In this paper, we address this question by examining the relationship between city growth and institutional reform in 19th century Germany, when some cities experienced deep institutional reform as a result of French rule. Employing an...

Persistent link: https://www.econbiz.de/10012980591