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The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10009011182
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
We analyze the impact of EU structural and cohesion funds on economic growth of European regions, using 2SLS to tackle … economic growth in the EU. The inter-regional spillovers in the effect of Cohesion Policy on regional growth are found to be … redistribution: institutional reform can also help boost growth performance. …
Persistent link: https://www.econbiz.de/10012138778
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … waiting time, and slows their growth by around 10 percent, leading to a 10 percent reduction in franchised chain employment. …
Persistent link: https://www.econbiz.de/10010210716
-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong …
Persistent link: https://www.econbiz.de/10011557905
change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor …
Persistent link: https://www.econbiz.de/10013206154
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