Government Spending Taxes And Economic Growth

Author : Mr.Paul Cashin
Publisher : International Monetary Fund
Page : 36 pages
File Size : 53,8 Mb
Release : 1994-08-01
Category : Business & Economics
ISBN : 9781451951479

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Government Spending, Taxes, and Economic Growth by Mr.Paul Cashin Pdf

This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes which are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series cross sectional results are obtained which support the proposed influence of the public finance variables on economic growth.

Author : Paul Anthony Cashin
Publisher : Unknown
Page : 36 pages
File Size : 51,8 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291212960

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Government Spending, Taxes, and Economic Growth by Paul Anthony Cashin Pdf

This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes which are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series-cross sectional results are obtained which support the proposed influence of the public finance variables on economic growth.

Author : Philip Booth,Ryan Bourne,Rory Meakin,Lucy Minford,Patrick Minford,David B. Smith
Publisher : London Publishing Partnership
Page : 256 pages
File Size : 42,7 Mb
Release : 2016-11-01
Category : Political Science
ISBN : 9780255367356

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Taxation, Government Spending and Economic Growth by Philip Booth,Ryan Bourne,Rory Meakin,Lucy Minford,Patrick Minford,David B. Smith Pdf

Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100 years whilst also making international comparisons. There is a particular focus on recent and projected future developments which shows that, though the total level of government spending has not decreased significantly in recent years, there has been a big redirection of spending from some areas to others. The authors then examine the evidence on the relationship between taxation and economic growth. As well as reviewing recent literature, they also undertake new modelling that higher taxes are detrimental for growth. In the final part of the book, the whole UK tax system is reconsidered in a proper economic framework. The UK has one of the world’s most complex tax systems and its incoherence has increased over the last five years. Sweeping reforms are proposed to the system which wold involve abolishing around 20 taxes and the development of a simple, predictable tax system based on principles that should gain wide acceptance.

Author : Philip Booth
Publisher : Unknown
Page : 226 pages
File Size : 51,6 Mb
Release : 2016
Category : Expenditures, Public
ISBN : 0255367368

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Taxation, Government Spending and Economic Growth by Philip Booth Pdf

Author : Anonim
Publisher : Unknown
Page : 78 pages
File Size : 52,6 Mb
Release : 1993
Category : Job Creation
ISBN : CORNELL:31924071670099

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Economic Growth, Taxes, and Government Spending by Anonim Pdf

Author : Sohrab Abizadeh,Mahmood Yousefi
Publisher : Nova Publishers
Page : 264 pages
File Size : 53,7 Mb
Release : 1996
Category : Business & Economics
ISBN : 1560722940

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Fiscal Systems and Economic Development by Sohrab Abizadeh,Mahmood Yousefi Pdf

Author : Mr.Philip R. Gerson
Publisher : International Monetary Fund
Page : 75 pages
File Size : 50,9 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 9781451841602

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The Impact of Fiscal Policy Variables on Output Growth by Mr.Philip R. Gerson Pdf

This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and productivity of labor and physical capital. Studies suggest that well-targeted government expenditures on health, education, and infrastructure should have a positive impact on growth. By contrast, the impact of taxation on the supplies of labor and capital, and on output growth, is more muted.

Author : Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo
Publisher : International Monetary Fund
Page : 41 pages
File Size : 49,9 Mb
Release : 2011-07-01
Category : Business & Economics
ISBN : 9781455294695

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Expansionary Austerity New International Evidence by Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo Pdf

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Author : David B. Smith
Publisher : Institute of Economic Affairs
Page : 212 pages
File Size : 55,8 Mb
Release : 2006
Category : Business & Economics
ISBN : STANFORD:36105122741106

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Living with Leviathan by David B. Smith Pdf

Shows the damage that is caused to economic welfare by high taxation. This book describes how unequal the distribution of public spending is across the regions of the United Kingdom. It examines future developments in public spending together with a programme for reducing the size of government to a manageable level.

Author : Hana Polackova Brixi,Zhicheng Li Swift,Policy World Bank
Publisher : World Bank Publications
Page : 266 pages
File Size : 52,7 Mb
Release : 2004
Category : Government spending policy
ISBN : 0821356011

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Tax Expenditures--shedding Light on Government Spending Through the Tax System by Hana Polackova Brixi,Zhicheng Li Swift,Policy World Bank Pdf

Author : D. Papadimitriou
Publisher : Springer
Page : 310 pages
File Size : 51,9 Mb
Release : 2006-05-26
Category : Political Science
ISBN : 9780230378605

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The Distributional Effects of Government Spending and Taxation by D. Papadimitriou Pdf

This book focuses on the distributional consequences of the public sector and examines and documents, theoretically and empirically, the effects of government spending and taxation on personal distribution, and includes chapters investigating the relationship between the public sector and functional distribution of national income.

Author : Marc Labonte
Publisher : DIANE Publishing
Page : 30 pages
File Size : 48,7 Mb
Release : 2010-11
Category : Political Science
ISBN : 9781437937121

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Size and Role of Government by Marc Labonte Pdf

The size of gov¿t. has increased significantly since the financial crisis of 2008 as a result of the government¿s unplanned intervention in financial markets and subsequent stimulus legislation. Contents of this report: (1) How Does the Gov¿t. Affect the Economy?; (2) How Large is the Gov¿t.?; (3) Effect of the Gov¿t. on Economic Efficiency: What is a Market Failure?; Public Goods; Common Resources; Monopoly Power; Externalities; Asymmetric Information; Failure to Optimize; How Do Taxes Affect Economic Efficiency?; Balancing Economic Efficiency With Other Goals; (4) Effect of the Gov¿t. on Economic Growth: Effect of Spending, Transfers, Taxes, and Regulation. Charts and tables.

Author : Aaron B. Wildavsky
Publisher : Univ of California Press
Page : 210 pages
File Size : 47,9 Mb
Release : 1980-01-01
Category : Political Science
ISBN : 0520042271

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How to Limit Government Spending by Aaron B. Wildavsky Pdf

Criticizes government spending policy, budgeting methods, and expenditures, calling for a constitutional amendment to curb inflation and limit federal spending

Author : Andreas Bergh,Magnus Henrekson
Publisher : Rowman & Littlefield
Page : 82 pages
File Size : 43,8 Mb
Release : 2010
Category : Economic development
ISBN : 9780844743530

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Government Size and Implications for Economic Growth by Andreas Bergh,Magnus Henrekson Pdf

As economists and policymakers strive to understand the causes of the global financial crisis, pinpointing the relationship between government size and economic growth is crucial. In this incisive economic study, Andreas Bergh and Magnus Henrekson find that in wealthy countries, where government size is measured as total taxes or total expenditure relative to GDP, there is a strong negative correlation between government size and economic growth-where government size increases by 10 percentage points, annual growth rates decrease by 0.5 to 1 percent. Bergh and Henrekson stress that statistical correlations, even when highly significant, are not law. Some countries with high taxes enjoy above-average growth, and some countries with small governments have stagnant economies. The Scandinavian welfare states, for example, have enjoyed steady growth over the last decade despite their large governments. However, these nations compensate for high taxes by employing market-friendly policies in other areas, such as trade openness and inflation control. Government Size and Economic Growth concludes that, in every case, economic freedom is a crucial determinant of economic growth_suggesting that government intervention in the marketplace may be the wrong approach to solving the economic crisis.

Author : Douglas Allen Lauriston Auld,Canadian Economic Policy Committee
Publisher : Unknown
Page : 80 pages
File Size : 40,6 Mb
Release : 1976
Category : Business & Economics
ISBN : IND:39000003391492

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Issues in Government Expenditure Growth by Douglas Allen Lauriston Auld,Canadian Economic Policy Committee Pdf

From the Introduction: "The key question in this area...over the next few decades is...the question of how large we are wise to permit governments to become." If Canadians are to answer intelligently this question, it is essential that there be a greater degree of understanding concerning the issues...The modest hope of this monograph is to make a contribution towards improving the degree of understanding of the nature of government spending and taxation at the broad or macro-economic level...This study is not an exhaustive analysis of how government affects the lives of Canadians. Not dealt with are the complex issues of how governments regulate many aspects of the private sector and of crown corporations and their role in the economy. The objective is a provide a macro or highly aggregated picture of government spending in the Canadian economy, and to examine some of the more important reasons for its growth.