Do Taxes Matter For Long Run Growth Harberger S Superneutrality Conjecture

Author : Mr.Gian Milesi-Ferretti,Mr.Enrique G. Mendoza,Patrick K. Asea
Publisher : International Monetary Fund
Page : 42 pages
File Size : 54,5 Mb
Release : 1995-08-01
Category : Business & Economics
ISBN : 9781451955798

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Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture by Mr.Gian Milesi-Ferretti,Mr.Enrique G. Mendoza,Patrick K. Asea Pdf

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 : Enrique G. Mendoza,Gian Maria Milesi-Ferretti,Patrick K. Asea
Publisher : Unknown
Page : 34 pages
File Size : 41,6 Mb
Release : 1996
Category : Capital investments
ISBN : OCLC:34931513

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On the Ineffectiveness of Tax Policy in Altering Long-run Growth by Enrique G. Mendoza,Gian Maria Milesi-Ferretti,Patrick K. Asea Pdf

Author : OECD
Publisher : OECD Publishing
Page : 327 pages
File Size : 52,8 Mb
Release : 1996-12-10
Category : Electronic
ISBN : 9789264062177

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Macroeconomic Policies and Structural Reform by OECD Pdf

Faced with increased unemployment, declining productivity and weak public finances, most OECD countries have adopted policies of fiscal consolidation and structural reform in goods, labour and financial markets. Price stability is now at hand, but ...

Author : Mr.Gian Milesi-Ferretti,Nouriel Roubini
Publisher : International Monetary Fund
Page : 38 pages
File Size : 50,5 Mb
Release : 1995-07-01
Category : Business & Economics
ISBN : 9781451848236

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Growth Effects of Income and Consumption Taxes by Mr.Gian Milesi-Ferretti,Nouriel Roubini Pdf

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.

Author : Anonim
Publisher : Unknown
Page : 830 pages
File Size : 50,8 Mb
Release : 1996
Category : Finance
ISBN : UIUC:30112005596918

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IMF Working Paper by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 480 pages
File Size : 49,7 Mb
Release : 1998
Category : International finance
ISBN : UIUC:30112045337646

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International Finance Discussion Papers by Anonim Pdf

Author : Cesare Imbriani
Publisher : Springer Nature
Page : 238 pages
File Size : 48,5 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9783031365188

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Economic Policy Frameworks Revisited by Cesare Imbriani Pdf

Author : Dani Rodrik
Publisher : Columbia University Press
Page : 128 pages
File Size : 52,7 Mb
Release : 1997-03-01
Category : Political Science
ISBN : 9780881323160

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Has Globalization Gone Too Far? by Dani Rodrik Pdf

Globalization is exposing social fissures between those with the education, skills, and mobility to flourish in an unfettered world market—the apparent "winners"—and those without. These apparent "losers" are increasingly anxious about their standards of living and their precarious place in an integrated world economy. The result is severe tension between the market and broad sectors of society, with governments caught in the middle. Compounding the very real problems that need to be addressed by all involved, the knee-jerk rhetoric of both sides threatens to crowd out rational debate. From the United States to Europe to Asia, positions are hardening. Dani Rodrik brings a clear and reasoned voice to these questions. Has Globalization Gone Too Far? takes an unblinking and objective look at the benefits—and risks—of international economic integration, and criticizes mainstream economists for downplaying its dangers. It also makes a unique and persuasive case that the "winners" have as much at stake from the possible consequences of social instability as the "losers." As Rodrik points out, ". . . social disintegration is not a spectator sport—those on the sidelines also get splashed with mud from the field. Ultimately, the deepening of social fissures can harm all." President Clinton read the book and it provided the conceptual basis for the trade/IMF portions of his State of the Union message in January 1998.

Author : Shaghil Ahmed,John H. Rogers
Publisher : Unknown
Page : 56 pages
File Size : 41,5 Mb
Release : 1996
Category : Inflation (Finance)
ISBN : UCSD:31822023402241

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Long-term Evidence on the Tobin and Fisher Effects by Shaghil Ahmed,John H. Rogers Pdf

Author : International Monetary Fund. Editorial Division
Publisher : Unknown
Page : 104 pages
File Size : 46,6 Mb
Release : 1996
Category : Economic policy
ISBN : UCSD:31822021254230

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Working Paper Summaries, July-December 1995 by International Monetary Fund. Editorial Division Pdf

Author : Organisation for Economic Co-operation and Development
Publisher : OECD
Page : 356 pages
File Size : 43,7 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105017780615

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Macroeconomic Policies and Structural Reform by Organisation for Economic Co-operation and Development Pdf

Contains the papers presented at the international conference "Interactions between structural reform, macroeconomic policies and economic performance" & summarises discussions held. Part of the follow-up programme of work [from] the OECD jobs study. - On cover: OECD proceedings

Author : Mr.Santiago Acosta Ormaechea,Atsuyoshi Morozumi
Publisher : International Monetary Fund
Page : 38 pages
File Size : 46,6 Mb
Release : 2019-05-07
Category : Business & Economics
ISBN : 9781498314183

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The Value Added Tax and Growth: Design Matters by Mr.Santiago Acosta Ormaechea,Atsuyoshi Morozumi Pdf

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.

Author : Murat F. Iyigun
Publisher : Unknown
Page : 28 pages
File Size : 54,5 Mb
Release : 1995
Category : Development economics
ISBN : UCSD:31822021095062

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Human Capital Accumulation, Fertility and Growth by Murat F. Iyigun Pdf

Author : Angel de la Fuente
Publisher : Unknown
Page : 80 pages
File Size : 50,5 Mb
Release : 1997
Category : Fiscal policy
ISBN : UVA:X006070887

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Fiscal Policy and Growth in the OECD by Angel de la Fuente Pdf

Author : Prakash Loungani,Nathan Sheets
Publisher : Unknown
Page : 44 pages
File Size : 45,5 Mb
Release : 1995
Category : Banks and banking, Central
ISBN : UCSD:31822021094834

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Central Bank Independence, Inflation and Growth in Transition Economies by Prakash Loungani,Nathan Sheets Pdf