Out of a total of 2,976 double tax agreements (DTAs), some 60% are signed between a developing and a developed economy. As DTAs shift taxing rights from capital importing to capital exporting countries, the prior would incur a loss. We demonstrate in a theoretical model that in a deal one...

Purpose – The purpose of this paper is to theoretically investigate the impact of wage pacts on economic growth. Design/methodology/approach – This paper presents an innovation driven endogenous growth model, where firms and unions bargain over wages. Findings – Finds that the degree of...

This paper analyzes a vector error correction model of economic growth and unemployment in four major European economies, France, Germany, Italy, and the UK. We find that unemployment and economic growth are cointegrated, and driven be the same autoregressive unit root present in most endogenous...

Purpose – The purpose of this paper is to theoretically investigate the impact of wage pacts on economic growth. Design/methodology/approach – This paper presents an innovation driven endogenous growth model, where firms and unions bargain over wages. Findings – Finds that the degree of...

This paper surveys the literature on fiscal policy and economic growth. We present a unifying framework for the analysis of long run growth implications of government expenditures and revenues. We find that several tax rates and expenditure categories exhibit a direct impact on the growth rate...