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The conflicting views that agents and voters have about redistributive taxation have been broadly studied. The literature has focused on situations where the counterfac- tual outcomes that would have occurred had other actions been chosen are observable or point identified. I analyze this...
Persistent link: https://www.econbiz.de/10015213513
This paper aims to describe the economy of the Republic of Moldova from a neo-classical perspective, with an emphasis on the opening of the economy in a neo-Keynesian context. It was concluded that from the point of view of different indicators, the optimal model of accumulations to the state...
Persistent link: https://www.econbiz.de/10015213554
Using the consumption equivalent welfare gain as social welfare and assuming an automation technology shock, we derive the optimal tax rates for various tax policy instruments in the steady state of the model economy calibrated for the U.S. We find that the optimal capital income tax rate lies...
Persistent link: https://www.econbiz.de/10015213674
In retrospect, the poverty problem has deepened in many Sub-Saharan African countries in the last several decades, underpinning the region’s inability to sustain peace and stability, and in the process threatening years of development post-independence. This worsening situation is reflected in...
Persistent link: https://www.econbiz.de/10015213878
Recognizing the importance of “Nari Shakti” to provide ‘Women-Led Development for next 25 years', the Indian Finance Minister announced three important umbrella schemes to be implemented in mission mode, viz., Mission Poshan 2.0, Mission Shakti and Mission VATSALYA. Among the triad,...
Persistent link: https://www.econbiz.de/10015214076
We study the local distortionary effects of notches in Spain’s CO2-based vehicle registration tax on the distribution of new car CO2 performance. These effects are the smoking gun of carmaker strategic behaviour and affect in turn tax revenue and CO2 emissions. Using model-level data on all...
Persistent link: https://www.econbiz.de/10015214160
The main thesis in this manuscript is that a social choice theory based on aggregating individual preferences and values is insufficient to confront the social choices that today’s world is facing. It is defended in here that institutions play a critical role in any social choice, and that the...
Persistent link: https://www.econbiz.de/10015214328
The problem of identification of efficient economic conditions, arising from the «horizontal» agents’ relationship, is considered. It’s shown that the application of classical concept of market failure is insufficient. The alternative concept of disbalances are examined. The greater...
Persistent link: https://www.econbiz.de/10015214866
The problem of identification of efficient economic conditions, arising from the «horizontal» agents’ relationship, is considered. It’s shown that the application of classical concept of market failure is insufficient. The alternative concept of disbalances are examined. The greater...
Persistent link: https://www.econbiz.de/10015214870
This paper discusses the establishment of the minimum wage determination process in the early twentieth century Australia, following the institutionalisation of compulsory industrial arbitration between capital and labour. This process led to the 1907 Harvester judgment whereby the Common-...
Persistent link: https://www.econbiz.de/10015215086