economic growth, this study examines empirically the key channels through which fiscal policy impacts economic growth in the … debt financing, governance, efficiency of spending, mixture of taxes can have a significant impact on growth. …

bond spreads and weak nominal GDP growth, returning to a healthy fiscal position poses a significant challenge. A sustained … trend growth through appropriate structural reforms. The economic adjustment programme supported by the IMF and the EU … public sector efficiency, which provides a growth-friendly avenue for reducing the deficit in a durable way.<p> This Working …

We examine how institutional and policy reforms affect the relationship between entrepreneurship and growth. We perform … effect of trade reform and entrepreneurship on growth is negative, suggesting that trade reform diminishes the positive … effects of entrepreneurial ability on growth, while the joint effect of financial sector reform and entrepreneurship has a non …

This paper explores how revenue-neutral tax reforms impact employment and economic growth in a model of endogenous … growth and search frictions on the labor market. We analyze how savings and the incentive to create new jobs are affected by … observe an increase in both growth and, via the capitalization effect, employment. Most other tax reforms, however, imply a …