Taxation And Endogenous Growth In Open Economies

Author : Mr.Gian Milesi-Ferretti
Publisher : International Monetary Fund
ISBN 13 : 145184994X
Total Pages : 37 pages
Book Rating : 4.43/5 ( download)

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Download or read book Taxation and Endogenous Growth in Open Economies written by Mr.Gian Milesi-Ferretti and published by International Monetary Fund. This book was released on 1994-07-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing constraints and is able to commit to a given set of present and future taxes, it is shown that the optimal tax plan involves high taxation of both capital and labor in the short run. This allows the government to accumulate sufficient assets to finance spending without any recourse to distortionary taxation in the long run. When restrictions to government borrowing and lending are imposed, the model implies that human and physical capital should be taxed similarly.

Author : Bin Xu
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.49/5 ( download)

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Download or read book Tax Policy Implications in Endogenous Growth Models written by Bin Xu and published by International Monetary Fund. This book was released on 1994-03 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the tax policy implications in various endogenous growth models. The focus is on the long-run growth effects of income, consumption, and investment taxation in models whose engine of growth is the accumulation of human capital, technological innovation, and/or public infrastructure. The results depend on model specifications. This paper also reviews quantitative results from cross-country regressions and simulations, and indicates some statistical and methodological problems to which they are subject. Tax policy implications in endogenous growth models both with tax policy endogenously determined by a political process and with international capital mobility are also discussed.

Author : Nouriel Roubini
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.15/5 ( download)

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Download or read book Taxation and Endogenous Growth in Open Economics written by Nouriel Roubini and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Sergio Rebelo
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4./5 ( download)

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Download or read book Growth in Open Economies written by Sergio Rebelo and published by World Bank Publications. This book was released on with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Geremia Palomba
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451851540
Total Pages : 28 pages
Book Rating : 4.45/5 ( download)

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Download or read book Capital Income Taxation and Economic Growth in Open Economies written by Mr.Geremia Palomba and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-05-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do reductions in capital income taxes attract foreign capital and, at the same time, foster economic growth? This paper examines the effect of capital income taxation on the international allocation of capital and on economic growth in a two-country overlapping generations model with endogenous growth and internationally mobile capital. It shows that domestic capital taxes affect both the international allocation of capital and the rate of economic growth and that these two effects are not necessarily the same. A country can increase its share of the existing world capital by changing its taxes but, depending on the elasticity of saving to after-tax returns, this may reduce the rate of capital accumulation and economic growth.

Author : Mr.Paul Cashin
Publisher : International Monetary Fund
ISBN 13 : 1451951477
Total Pages : 36 pages
Book Rating : 4.79/5 ( download)

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Download or read book Government Spending, Taxes, and Economic Growth written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 1994-08-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Frank Hettich
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781959992
Total Pages : 296 pages
Book Rating : 4.94/5 ( download)

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Download or read book Economic Growth and Environmental Policy written by Frank Hettich and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book should interest all students and scholars of environmental economics and particularly those interested in the relationship between economic growth and environmental quality.

Author : Mr.Gian Milesi-Ferretti
Publisher : International Monetary Fund
ISBN 13 : 1451848234
Total Pages : 38 pages
Book Rating : 4.36/5 ( download)

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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.

Author : Mr.Vito Tanzi
Publisher : International Monetary Fund
ISBN 13 : 1451854129
Total Pages : 36 pages
Book Rating : 4.21/5 ( download)

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Download or read book Fiscal Policy and Long-Run Growth written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1996-10-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses in a systematic and comprehensive way the existing literature on the relationship between the growth of countries’ economies and various public finance instruments, such as tax policy, expenditure policy, and overall budgetary policy, from the perspectives of allocative efficiency, macroeconomic stability, and income distribution. It reviews both the conceptual linkages between each of the instruments and growth and the empirical evidence on such relationships. It broadly concludes that fiscal policy could play a fundamental role in affecting the long-run growth performance of countries.

Author : Alfred Greiner
Publisher : Princeton University Press
ISBN 13 : 9780691119182
Total Pages : 222 pages
Book Rating : 4.8X/5 ( download)

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Download or read book The Forces of Economic Growth written by Alfred Greiner and published by Princeton University Press. This book was released on 2005 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description