Suchergebnisse
Filter
149 Ergebnisse
Sortierung:
Public expenditure on private goods: a model
In: Working papers in economics and econometrics 150
Fictions of Consent: Slavery, Servitude, and Free Service in Early Modern England , by Urvashi Chakravarty
In: Journal of global slavery, Band 8, Heft 2-3, S. 346-348
ISSN: 2405-836X
Listening to Snow
In: The senses & society, Band 16, Heft 1, S. 119-122
ISSN: 1745-8927
We Are Dancing for You: Native Feminisms and the Revitalization of Women's Coming-of-Age Ceremonies by Cutcha Risling Baldy
In: Feminist formations, Band 32, Heft 2, S. 267-270
ISSN: 2151-7371
The Prices of Goods and Services in New Zealand: An International Comparison
In: Victoria University of Wellington Working Papers in Public Finance, Working Paper 06/2014
SSRN
Working paper
Suk Hi Kim, Terence Roehrig, Bernhard Seliger (Hgg.): The survival of North Korea. Essays on strategy, economics and international relations
In: Asien: the German journal on contemporary Asia, Band 124
ISSN: 0721-5231
Can a Fiscal Stimulus Boost Economic Growth Rates? Introduction
In: The economic journal: the journal of the Royal Economic Society, Band 121, Heft 550, S. F1-F3
ISSN: 1468-0297
Fiscal policy in a growth framework
This paper assesses recent theorising and empirical evidence on the impact of fiscal policy—taxes, public expenditures and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low-income countries and compares the evidence for low-income countries with that for middle- and highincome (OECD) countries. Recent advances in endogenous growth theory have demonstrated that fiscal policy can have long-run effects on economic growth rates where some taxes distort investment decisions in the private sector (negative effect) and/or where some 'productive' public expenditures compliment private investment (positive effect). Increasing budget deficits can be expected to reduce long-run growth rates, unless tax-payers fully anticipate fiscal policy changes and adjust their savings behaviour accordingly—a condition unlikely to hold in low-income countries. Recent theory particularly stresses the importance for growth of the following. The composition of taxes and expenditures—distortionary versus nondistortionary taxes; productive versus unproductive expenditures. — The government budget constraint (GBC)—growth effects of additional public spending inevitably must be balanced against the growth effects of the taxes or deficits which finance them. — Distinguishing the short- and long-run. Since most growth models agree that fiscal-growth effects occur in the short-run, an important policy question becomes: for how long do fiscal-growth effects persist? There is a great deal of empirical evidence on the effects of fiscal policy on long-run growth. Much of this however is methodologically weak rendering results unreliable. Research prior to around 1997 (and some thereafter) generally ignores the GBC when testing for fiscal effects and as a result produces non-comparable or apparently nonrobust results. More consistent evidence is found (though almost all of this is for the OECD) when the growth effects of taxes, expenditures and deficits are examined simultaneously—as the GBC suggests. Negative effects of taxes which distort investment decisions (e.g. income taxes) and positive effects of 'productive' expenditures (e.g. capital spending such as infrastructure; education) are generally found. Taxes on domestic goods and services and government recurrent and/or welfare spending appear generally to have, at most, weak effects on long-run growth. Evidence on the effects of redistribution (of which fiscal policy is a part) on growth is ambiguous, consistent with the ambiguous predictions from current theorising. There is very little reliable evidence available for LICs; limited evidence for LDCs more generally suggests the possibility that fiscal-growth effects could be quite different from those observed in OECD countries. Robust evidence of a negative association between budget deficits and growth is beginning to emerge, though interpretations differ.
BASE
Fiscal Reform and Structural Change in Developing Countries (2 volumes), edited by Guillermo Perry, John Whalley and Gary Mcmahon (Macmillan in association with the International Development Research Centre, London: Canada, 2000, hbk £50, each volume)
In: Journal of international development: the journal of the Development Studies Association, Band 13, Heft 1, S. 132-134
ISSN: 1099-1328
Reviewing the new growth literature
In: New political economy, Band 3, Heft 1, S. 129-134
ISSN: 1469-9923
Reviewing the New Growth Literature
In: New political economy, Band 3, Heft 1, S. 129-133
ISSN: 1356-3467
Voters' Tax‐price Perceptions and the Provision of Government Non‐marketed Goods
In: The Manchester School, Band 65, Heft 5, S. 513-533
ISSN: 1467-9957
In this paper we address the issue of fiscal illusion in the form of voter tax‐price misperceptions. Using a simple two‐sector, general equilibrium, "decisive voter" model of government and private goods we demonstrate that a range of possible voter tax‐price perceptions do not yield unambiguous predictions either of excess provision of non‐marketed goods relative to provision via the market mechanism or of excess supply relative to a decisive voter's demand. Outcomes depend on the nature of tax‐price misperceptions, the publicness of government goods (and perceptions regarding "publicness"), population size and the relative income of the decisive voter.