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determines the relative price of investment, can affect the investment rate and the permanent growth rate of the economy. The …
Persistent link: https://www.econbiz.de/10014398005
Does redistribution increase inequality? Is inequality harmfiil for growth? Both questions have recently been addressed in a number of single-tax models. In this paper, I examine the relationship between policy, growth and inequality when income and wealth can be taxed at different rates. In the...
Persistent link: https://www.econbiz.de/10009774711
In a recent review article Jonas Agell, Thomas Lindh and Henry Ohlsson (1997) claim that theoretical and empirical evidence does not allow any conclusion on whether there is a relationship between the rate of economic growth and the size of the public sector. They illustrate their conclusion...
Persistent link: https://www.econbiz.de/10012776579
This paper identifies tax policy that both speeds recovery from the current economic crisis and contributes to long-run growth. This is a challenge because short-term recovery requires increases in demand while long-term growth requires increases in supply. As short-term tax concessions can be...
Persistent link: https://www.econbiz.de/10003933791
This study provides an overview of tax structures in LAC before the COVID-19 pandemic, compares it to OECD countries, and provides recommendations for growth-friendly and inclusive tax policy reforms. LAC countries collect significantly lower tax revenue relative to OECD countries and have tax...
Persistent link: https://www.econbiz.de/10013295146
Persistent link: https://www.econbiz.de/10013388126
growth. In part this may reflect the prediction in economic theory that a negative relationship should exist primarily for …
Persistent link: https://www.econbiz.de/10014049197
growth. In part this may reflect the prediction in economic theory that a negative relationship should exist primarily for …
Persistent link: https://www.econbiz.de/10009502710
The relationship between government spending and economic growth is an important and controversial issue in modern societies. In this paper, the correlation between economic growth and government expenditure is studied. The analysis is based on data for the European Union countries and panel...
Persistent link: https://www.econbiz.de/10014057167
The level and composition of public expenditures and revenues both have implications for economic development, as shown by the 'fiscal multiplier' and the 'quality of public finance' literature. Public finance decisions also influence the distribution of income. Based on a review of the...
Persistent link: https://www.econbiz.de/10012302041