converge and one upper locally unstable over the which richer classes of income enter an explosive path, with unbounded growth … rates of personal income. In the rich regime the whole population enter the explosive path, with unbounded growth rates. We …

This study considers a three-period overlapping generations model with an endogenous growth setting, in which an agent … study compares the growth rates and social welfare under each educational subsidy scheme at a unique balanced growth path … equilibrium. The first contribution of this paper is that it provides sufficient conditions under which the growth rate in one …

We estimate the growth and utility effects of switching from a graduated-rate federal income tax to a flat tax along … variables, including the economic growth rate, the representative household’s utility – using consumption equivalents as … Cassou and Lansing (2003). We find that the flat tax reform increases long-term economic growth, and that the magnitude of …

This paper studies the equilibrium dynamics of a growth model with public finance where two different allocations of … balanced growth. …

This study investigates (i) how unfunded public pensions financed by VAT, as discussed in Japan, affect economic growth …, and (ii) whether payroll tax or VAT is the more growth-friendly tax structure for the finance of public pensions. We … pension system financed by VAT itself may increase economic growth when bequests are operative. By contrast, when bequests are …

budget (budget expenditure) and budget performance (budget deficits) focuses on taking the relationship between the growth … tested. First, budget deficits correlated significantly with the growth data. The second proposition, with direct and … examined. In the third proposal, the budget focuses on the relationship between size of the growth data. As the results in the …

This paper looks at the effects of taxes increase on economic growth of 47 developing countries. In developing … countries, there is no magic tax strategy to encourage economic growth. Some countries with high tax burdens have high growth … rates and some countries with low tax burdens have low growth rates. Despite much theoretical and empirical inquiry as well …

This paper studies the impact of taxation on economic growth of the eight WAEMU countries. Among the critiques … increasing of taxation. The growth rate can be influenced by economic policy choice relative to taxation which has an effect on … taxation can be distortionary and like this negatively influences economic growth while law weight of taxation can generate …

This study analyzed the impact of taxes on economic growth of Pakistan for the period 1976 to 2014. The study has … trade are pro-growth taxes. Government should increase direct taxes as they have positive and significant impact on economic … growth in the long run. …