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Income Skewness, Redistribution and Growth: A Reconciliation

Dalgaard, Carl-Johan; Hansen, Henrik; Larsen, Theo - 2003

positive relationship between redistributive taxation and growth. This paper offers a reconciliation of the existing theory and …

Persistent link: https://www.econbiz.de/10010320904

Human Capital and Wages in Exporting Firms

Munch, Jakob Roland; Rose Skaksen, Jan - 2006

This paper studies the link between a firms education level, export performance and wages of its workers. We argue that firms may escape intense competition in international markets by using high skilled workers to differentiate their products. This story is consistent with our empirical...

Persistent link: https://www.econbiz.de/10010320912

Taxation if Capital is not Perfectly Mobile: Tax Competition versus Tax Exportation

Eijffinger, Sylvester C.W.; Wagner, Wolf - 2002

This paper analyzes the tax competition and tax exporting effect of financial integration. On the one hand, financial integration increases capital mobility and thus the incentive for countries to compete for capital. On the other hand, financial integration increases foreign ownership of firms...

Persistent link: https://www.econbiz.de/10010320913

Let's Get Real about Using Economic Data

Christoffersen, Peter; Ghysels, Eric; Swanson, Norman R. - 2001

We show that using data which are properly available in real time when assessing the sensitivity of asset prices to economic news leads to different empirical findings than when data availability and timing issues are ignored. We do this by focusing on a particular example, namely Chen, Roll and...

Persistent link: https://www.econbiz.de/10010320917

Dual Income Taxation: Why and How?

Sørensen, Peter Birch - 2005

The dual income tax combines a progressive tax schedule for labour income with a low flat tax rate on capital income and corporate income. This paper restates the case for the dual income tax and discusses alternative methods of taxing business income under such a tax system, paying special...

Persistent link: https://www.econbiz.de/10010320919

Measuring Tax Efficiency: A Tax Optimality Index

Raimondos-Møller, Pascalis; Woodland, Alan D. - 2004

This paper introduces an index of tax optimality that measures the distance of some current tax structure from the optimal tax structure in the presence of public goods. In doing so, we derive a [0,1] number that reveals immediately how far the current tax configuration is from the optimal one...

Persistent link: https://www.econbiz.de/10010320921

Job Search and Savings: Wealth Effects and Duration Dependence

Lentz, Rasmus; Tranæs, Torben - 2001

In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment; layoffs are random and beyond the worker's influcence, while the re-employment chance is directly affected by search effort. We characterize the worker's optimal savings and...

Persistent link: https://www.econbiz.de/10010320922

Spending Natural Resource Revenues in an Altruistic Growth Model

Hermann Frederiksen, Elisabeth - 2006

policies may be part of the reason why natural resources seem to affect economic performance across nations differently. …

Persistent link: https://www.econbiz.de/10010320923

Strictly Endogenous Growth with Non-renewable Resources Implies an Unbounded Growth Rate

Groth, Christian - 2003

Conventional endogenous growth theory relies on the assumption of constant returns to "broad capital". As Solow pointed … creates explosive growth: infinite output in finite time! But Solow's observation ignored natural resources. What happens if … non-renewable resources enter the "growth engine"? In this case (strictly) endogenous growth requires the technology to be …

Persistent link: https://www.econbiz.de/10010320925

The Knowledge-Capital Model and Small Countries

Kristjánsdóttir, Helga - 2005

In this paper, Knowledge-Capital model estimates for a small country are compared to estimates obtained for larger economies. The model is based on unique panel data on foreign direct investment in Iceland. Estimates obtained for the Knowledge-Capital model differ considerable from what has been...

Persistent link: https://www.econbiz.de/10010320926