Showing 1 - 10 of 19
. It shows the main point of view on public fiscal policy especially in the case of personal income tax and creates a …, the last part of the work is a study on fiscal level and tax system structures and economic growth. In this part the … authors checks two points of view on taxation. The first is that a low level tax burden is conducive to economic growth, and …
Persistent link: https://www.econbiz.de/10011551433
The relationship between income inequality and economic growth is complex. Some inequality is integral to the effective functioning of a market economy and the incentives needed for investment and growth. But inequality can also be destructive to growth, for example by amplifying the risk of...
Persistent link: https://www.econbiz.de/10014363231
simulation results confirm the government's estimation of the revenue effects to a large extent. While the reform reduces the tax …The DIW Berlin microsimulation model of business taxation BizTax allows a representative and detailed analysis of the … business tax files. We simulate essential elements of the business tax reform 2008 proposed by the German government. The …
Persistent link: https://www.econbiz.de/10010377794
The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007 / 2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also...
Persistent link: https://www.econbiz.de/10011480616
Leone) the 'tax-and-spend' hypothesis holds, since government revenue would drive the expenditure. …
Persistent link: https://www.econbiz.de/10010311847
This paper studies the determinants of economic growth and the role of the public budget in European Union (EU) member states in Central and Eastern Europe, that joined the European Union in 2004, with a balanced data set from 1996 until 2012. A special focus is set on the relationship between...
Persistent link: https://www.econbiz.de/10011723222
The fiscal policy response to the consequences of the financial and economic crisis consisted either in adopting expansionary policies to stimulate the aggregate demand, or in promoting fiscal consolidation programs designed to restore the sustainability of the public finances. This paper...
Persistent link: https://www.econbiz.de/10011723223
The paper attempts to empirically explore the transmission mechanism regarding the short-term impact of public debt and growth. We examine and evaluate the direct effect of higher indebtedness on economic growth for countries in the EU which are in the epicentre of the current sovereign debt...
Persistent link: https://www.econbiz.de/10011724858
Most studies on the relationship between public debt and economic growth implicitly assume homogeneous debt effects across their samples. We –in accordance with recent literature– challenge this view and state that there likely is a great deal of cross-country heterogeneity in that...
Persistent link: https://www.econbiz.de/10012490740
This study examines whether a debt-to-GDP threshold exists in the public debt and economic growth relationship for 20 Middle East and North Africa (MENA) countries from 1990 to 2016 using the threshold estimation technique. The empirical results reveal that there is a threshold effect in the...
Persistent link: https://www.econbiz.de/10013199731