Showing 1 - 10 of 54
significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …
Persistent link: https://www.econbiz.de/10003897747
This paper examines the relationship between the logarithms of CO2 emissions and real GDP in China by applying …
Persistent link: https://www.econbiz.de/10012119768
We construct the world's centers of gravity for human population, GDP and CO2 emissions by taking the best out of five … of gravity, we find a radical Western shift of GDP and CO2 emissions centers in the 19th century, in sharp contrast with … the stability of the demographic center of gravity. Both GDP and emissions trends are reversed in the first half of the 20 …
Persistent link: https://www.econbiz.de/10011987041
Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the … objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt …
Persistent link: https://www.econbiz.de/10011659392
interconnectedness. This paper explores this relationship, focusing on the impact of economic cycles and the role of GDP as a measure of … economic success. The paper highlights the historically dominant role of GDP, tracing its origins from Simon Kuznets' report in … for change in the aftermath of the syndemic crisis, and argues for a move away from GDP-centred measurements towards …
Persistent link: https://www.econbiz.de/10014336451
We challenge the "OECD view" (Arnold et al. 2011) according to which a shift from direct to indirect taxation is … associated with higher long-run economic growth. We study the relationships between per capita GDP, overall tax revenue and tax … composition (in particular direct vs. indirect taxation). We can replicate the findings in Arnold et al. when focusing on the same …
Persistent link: https://www.econbiz.de/10011603117
two tax systems came about. Taxation is only feasible when men and land can be linked as a single bundle. Taxation of land … is not feasible without men, and taxation of men is not feasible without land. A tax maximizing bureaucrat has to combine …
Persistent link: https://www.econbiz.de/10010391803
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...
Persistent link: https://www.econbiz.de/10003748178
This short paper reconsiders the popular result that the lower the probability of getting reelected, the stronger the incumbent politicians incentive to follow short-sighted, inefficient policies. The set-up is a general equilibrium model of endogenous growth and optimal fiscal policy, in which...
Persistent link: https://www.econbiz.de/10011409401
In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...
Persistent link: https://www.econbiz.de/10011602807