An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold … of around 12 3/4 percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In …

Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development …? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We … are similar at about 12 3/4 percent of GDP. For the contemporary dataset we find that a country just above the threshold …

The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of … stabilize debt to GDP. We find that, in at least half the cases, countries improved their cyclically adjusted primary balances … by close to 5 percent of GDP. We also observe that, while countries typically make substantial efforts to stabilize debt …

long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios …

long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios …