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Do Taxes Matter For Long Run Growth Harbergers Superneutrality Conjecture
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Book Synopsis Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture by : Mr.Gian Milesi-Ferretti
Download or read book Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture written by Mr.Gian Milesi-Ferretti and published by International Monetary Fund. This book was released on 1995-08-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this view by testing the predictions of endogenous growth models driven by human capital accumulation. The theoretical analysis highlights implications of different taxes for growth and investment in these models. The empirical work is based on cross-country regressions and numerical simulations, using a new methodology for estimating aggregate effective tax rates. Results show significant investment effects from income and consumption taxes that are consistent with small growth effects. The results are robust to the introduction of other growth determinants.
Book Synopsis Do Taxes Matter for Lung-run Growth? Harberger's Superneutrality Conjecture by : Enrique G. Mendoza
Download or read book Do Taxes Matter for Lung-run Growth? Harberger's Superneutrality Conjecture written by Enrique G. Mendoza and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Growth Effects of Income and Consumption Taxes by : Mr.Gian Milesi-Ferretti
Download or read book Growth Effects of Income and Consumption Taxes written by Mr.Gian Milesi-Ferretti and published by International Monetary Fund. This book was released on 1995-07-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the taxation of factor incomes (human and physical capital) is growth-reducing. The effects of consumption taxation on growth depend crucially on the elasticity of labor supply, and therefore on the specification of the leisure activity. The paper also derives some implications for the optimal intertemporal choice of tax instruments.
Book Synopsis The Economics and Econometrics of Innovation by : David Encaoua
Download or read book The Economics and Econometrics of Innovation written by David Encaoua and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past few decades, the interest of economists in the sources of long-term economic growth has led an increasing number of them to focus on the role of innovation in creating that growth. Although some researchers have always been interested in this topic, the groundbreaking work of Solow (1957), Nelson (1959) and Arrow (1962) made many other economists recognize the central role played by innovation in almost all spheres of economic activity. The Economics and Econometrics of Innovation presents a valuable overview of the work of the world's most renowned experts in the field of innovation and technical change. It collects 22 outstanding contributions that reflect the results of the vast, worldwide research efforts and remind us of the importance of economic incentives in shaping and directing innovative activities. The volume presents an edited selection of papers that were first presented at the 10th International ADRES conference. One particular goal of this book is to bring out the complementary nature of the various approaches to innovation, and to facilitate in-depth dialogues both between microeconomists and macroeconomists, and between theoreticians and econometricians. General topics that are considered range from the economy-wide effects of innovation on growth and employment to the variation of individual firm innovative performance; from the analysis of networks and standardization to the role of intellectual property rights and the assessment of knowledge spillovers. Besides the wealth of information presented in the chapters, readers of this volume will also appreciate the value of examining a single question from different angles and by using different methods.
Book Synopsis The Sources of Economic Growth in OECD Countries by : OECD
Download or read book The Sources of Economic Growth in OECD Countries written by OECD and published by OECD Publishing. This book was released on 2003-02-25 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the causes of the divergence in growth across the OECD.
Author :Mr.Santiago Acosta Ormaechea Publisher :International Monetary Fund ISBN 13 :149831418X Total Pages :38 pages Book Rating :4.4/5 (983 download)
Book Synopsis The Value Added Tax and Growth: Design Matters by : Mr.Santiago Acosta Ormaechea
Download or read book The Value Added Tax and Growth: Design Matters written by Mr.Santiago Acosta Ormaechea and published by International Monetary Fund. This book was released on 2019-05-07 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does the design of a tax matter for growth? Assembling a novel dataset for 30 OECD countries over the 1970-2016 period, this paper examines whether the value added tax (VAT) may have different effects on long-run growth depending on whether it is raised through the standard rate or through C-efficiency (a measure of the departure of the VAT from a perfectly enforced tax levied at a single rate on all consumption). Our key findings are twofold. First, for a given total tax revenue, a rise in the VAT, financed by a fall in income taxes, promotes growth only when the VAT is raised through C-efficiency. Second, for a given VAT revenue, a rise in Cefficiency, offset by a fall in the standard rate, also promotes growth. The implication is thus that in OECD countries broadening the VAT base through fewer reduced rates and exemptions is more conducive to higher long-run growth than a rise in the standard rate.
Book Synopsis Economic Policy Frameworks Revisited by : Cesare Imbriani
Download or read book Economic Policy Frameworks Revisited written by Cesare Imbriani and published by Springer Nature. This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Finance Discussion Papers by :
Download or read book International Finance Discussion Papers written by and published by . This book was released on 1998 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regime Switching in the Dynamic Relationship Between the Federal Funds Rate and Innovations in Nonborrowed Reserves by : Chan Huh
Download or read book Regime Switching in the Dynamic Relationship Between the Federal Funds Rate and Innovations in Nonborrowed Reserves written by Chan Huh and published by . This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Greece, Selected Issues written by and published by . This book was released on 1997 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book JOURNAL OF MONETARY ECONOMICS written by and published by . This book was released on 2000 with total page 1476 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Risks and Implications of External Financial Shocks by : Edwin M. Truman
Download or read book The Risks and Implications of External Financial Shocks written by Edwin M. Truman and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Uncertainty, Instrument Choice, and the Uuniqueness of Nash Equilibrium by : Dale W. Henderson
Download or read book Uncertainty, Instrument Choice, and the Uuniqueness of Nash Equilibrium written by Dale W. Henderson and published by . This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Boletín informativo de nuevas adquisiciones by : Banco de México (1925- ). Oficina de Servicios Bibliotecarios
Download or read book Boletín informativo de nuevas adquisiciones written by Banco de México (1925- ). Oficina de Servicios Bibliotecarios and published by . This book was released on 1996 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries by : Vivek Ghosal
Download or read book Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries written by Vivek Ghosal and published by . This book was released on 1995 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Targeting Inflation in the 1990s by : Richard T. Freeman
Download or read book Targeting Inflation in the 1990s written by Richard T. Freeman and published by . This book was released on 1995 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bank Lending and Economic Activity in Japan by : Allan D. Brunner
Download or read book Bank Lending and Economic Activity in Japan written by Allan D. Brunner and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
