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.
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:
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.
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.
Download or read book Tax Capacity and Growth written by Vitor Gaspar and published by International Monetary Fund. This book was released on 2016-12-02 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We use two separate databases: a novel contemporary database covering 139 countries from 1965 to 2011 and a historical database for 30 advanced economies from 1800 to 1980. We find that the answer to the question is yes. Estimated tipping points are similar at about 123⁄4 percent of GDP. For the contemporary dataset we find that a country just above the threshold will have GDP per capita 7.5 percent larger, after 10 years. The effect is tightly estimated and economically large.
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.
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:
Download or read book Alternative Approaches to Real Exchange Rates and Real Interest Rates written by Hali J. Edison and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics and Econometrics of Innovation written by David Encaoua and published by Taylor & Francis US. This book was released on 2000-04-30 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This overview of work in the field of innovation and technical change collects 22 contributions that reflect worldwide research efforts and the role of economic incentives in shaping and directing innovative activities. The papers are from the 10th International ADRES conference.
Download or read book Supply side Sources of Inflation written by Prakash Loungani and published by . This book was released on 1995 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Block Distributed Methods for Solving Multi country Econometric Models written by Jon Faust and published by . This book was released on 1995 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Comparisons of the Levels of Unit Labor Costs in Manufacturing written by Peter Hooper and published by . This book was released on 1995 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Flight from the Countries in Transition written by Nathan Sheets and published by . This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Inverse of the Covariance Matrix in Portfolio Analysis written by Guy V. G. Stevens and published by . This book was released on 1995 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Product Market Competition and the Impact of Price Uncertainty on Investment written by Vivek Ghosal and published by . This book was released on 1995 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
Download or read book Patents Citations and Innovations written by Adam B. Jaffe and published by MIT Press. This book was released on 2002 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of how patents and citation data can serve empirical research on innovation and technological change.
