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determinants of longrun growth, including some fiscal policy measures, but interest income taxes and investment subsidies are not …The conventional view within the endogenous growth literature is that interest income taxes impede economic growth and … investment subsidies promote economic growth. The present paper lays out a simple framework to see whether this is still true …
Persistent link: https://www.econbiz.de/10005749953
over the last decades: the proportion of taxes in the prices of petroleum products have been globally increasing for the … oil-importing country are dierently affected by increasing taxes on the resource use. The hypothesis is constructed on the … theory of non-renewable resources taxation. The argument is based on the distributional effects of taxes on exhaustible …
Persistent link: https://www.econbiz.de/10005800909
over the last decades: the proportion of taxes in the prices of petroleum products have been globally increasing in the … oil-importing country are differently affected by increased taxes on resource use. The hypothesis is constructed on the … theory of non-renewableresources taxation. The argument is based on the distributional effects of taxes on exhaustible …
Persistent link: https://www.econbiz.de/10008465289
The recurrent issues of "non-robustness" and "scale effects" are discussed within a unified framework for the presentation of different generations of innovation-based growth models. With a certain proviso robust innovation-based growth models tend to end up with the long-run per capita growth...
Persistent link: https://www.econbiz.de/10005543499
This article reviews issues related to the incorporation of non-renewable resources in the theory of economic growth and development. As an offshoot of the new growth theory of the last two decades a series of contributions have studied endogenous technical change in relation to resource...
Persistent link: https://www.econbiz.de/10005749795
Conventional endogenous growth theory relies on the assumption of constant returns to ”broad capital”. As Solow pointed out, the strength of this assumption is revealed by recognizing that even the slightest touch of increasing returns creates explosive growth: infinite output in finite...
Persistent link: https://www.econbiz.de/10005749908
public expenditures and taxes by multiple levels of government. It derives the rate of endogenous growth and, with both … simulations and special examples, examines how that rate changes with respect to federal income tax, local taxes, and federal … transfers. It also discusses the growth and welfare-maximizing choices of taxes and federal transfers. …
Persistent link: https://www.econbiz.de/10009358970
damaging subsidies is lacking. Environmentally damaging subsidies are all kinds of direct and indirect subsidies aimed at … article develops a transparent method to determine the environmental impact of indirect government subsidies and derive policy … lessons. This method has been applied to several major subsidies in the Netherlands, namely in agriculture, energy, and …
Persistent link: https://www.econbiz.de/10011256531
As at today, it is an indisputable fact that the climate is changing and there is a scientific consensus that the world is becoming a warmer place principally attributable to human activities. Regrettably, the physical impacts of future climate change on humans and the environment will include...
Persistent link: https://www.econbiz.de/10011259199
Persistent link: https://www.econbiz.de/10005596975