Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture PDF Download
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Author: Mr.Gian Milesi-Ferretti
Publisher: International Monetary Fund
ISBN: 1451955790
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
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.
Author: Mr.Gian Milesi-Ferretti
Publisher: International Monetary Fund
ISBN: 1451955790
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
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.
Author: Michael Dauderstädt
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 140
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Book Description
Focuses on the question how to provide social justice in a deepening and widening Europe.
Author: Mr.Carlo Cottarelli
Publisher: International Monetary Fund
ISBN: 1475537239
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal adjustment is likely to hurt growth in the short run, delaying improvements in fiscal indicators, including deficits, debt, and financing costs. Revenue and expenditure policies are also critical in affecting productivity and employment growth. This paper discusses the complex relationships between fiscal policy and growth both in the short and in the long run.
Author: Philippe Aghion
Publisher: Cambridge University Press
ISBN: 9780521659109
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
Two of the world's leading economists discuss fundamental issues of inequality and economic growth.
Author: John Lipczynski
Publisher: Pearson Higher Ed
ISBN: 027377042X
Category : Business & Economics
Languages : en
Pages : 873
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Book Description
The fourth edition of Industrial Organisation continues to highlight the strong link between the theory and analysis of industrial economics using engaging case studies. It takes students on a journey through the historical development of industrial organisation to the present day with new case studies exploring contemporary issues in business, finance and economics such as: Corporate governance Executive pay Price Wars Cloud computing Barriers to entry in banking Patent infringement Social networking Mergers in the car industry Outsourcing
Author: Mirjam Schiffer
Publisher: World Bank Publications
ISBN: 9780821350034
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
The development of the small and medium enterprise sector is deemed crucial for economic growth and poverty alleviation. Such firms are often though to be at a disadvantage when compared with larger enterprises, but the reverse can apply, for example in the more flexible approach of the smaller firm. This paper draws on a private sector survey in 80 countries examining whether business obstacles are related to firm size. It finds a bias against small firms, which experience significantly greater problems than large firms with financing, taxes and regulations, inflation, corruption and street crime. These problems should be the prime targets of policies aimed at reducing inequity.
Author: William Easterly
Publisher:
ISBN:
Category : Crecimiento economico - Paises en desarrollo
Languages : en
Pages : 32
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Book Description
One step closer to being able to do the empirical work needed on the common hypothesis of growth theory: that income taxes have a negative effect on the pace of economic expansion.
Author: David A. Grigorian
Publisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 26
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Book Description
Developing the legal and regulatory framework, improving contract enforcement, and reducing administrative barriers in the business environment increases the amount of investment and improves the efficiency of resource allocation.
Author: Nadereh Chamlou
Publisher: World Scientific
ISBN: 1783267348
Category : Social Science
Languages : en
Pages : 622
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Book Description
"In the aftermath of the Arab Spring, and in light of socio-economic and geopolitical challenges facing governments old and new, women's rights and empowerment have gained new urgency and relevance. Groups in power, or groups contesting for power, are more conservative than expected, and there are serious threats to roll back some of the gains women had achieved over the past 20-30 years on economic and social fronts. The global gender debate has neglected the economic dimension of women's empowerment and a great deal of debate and interest among researchers is needed to push the topics further. This timely book brings together leading regional researchers to offer original research linking gender equality with economic policy, reinforcing the agenda from a broad-based perspective."--Publisher summary.
Author: Jeremy Grace
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 70
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Book Description
Annotation This paper reviews some of the evidence linking telecommunications and the Internet and economic growth, the likely impact of these new ICTs on income inequality and anecdotal evidence on the role of the Internet in improving government services and governance. It's final chapter looks at methods to maximize the development impact of new ICTs.
