relatively new MWALD test indicates a strong unidirectional causal effect runs from national income to public expenditures in …

In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a … more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. …

We investigate the relation between changes in tax composition and long-run economic growth using a new dataset …-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that … increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run. We also …

growth, the results in the empirical literature are still mixed. This note is based on a paper of the same title (Bayraktar … different growth patterns. Considering the full government budget constraint, the empirical analysis shows that public spending …, especially its “core” components, contributes to economic growth only in countries that are capable of using funds for productive …

In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a … more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. …

In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a … more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. …

In this chapter, William Watson challenges Heath's interpretation of the benefits of productivity growth, but agrees … productivity growth. Watson tackles Heath's assessment of the social benefits of productivity growth directly, starting with the …

context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …