Capital utilization, economic growth and convergence
In: Journal of economic dynamics & control, Band 29, Heft 12, S. 2093-2124
ISSN: 0165-1889
33 Ergebnisse
Sortierung:
In: Journal of economic dynamics & control, Band 29, Heft 12, S. 2093-2124
ISSN: 0165-1889
In: IMF Working Paper No. NO.12/52
SSRN
In: The Canadian journal of economics: the journal of the Canadian Economics Association = Revue canadienne d'économique, Band 44, Heft 4, S. 1471-1496
ISSN: 1540-5982
Abstract The role of fiscal policy is examined when public goods provide both productive and utility services. In the presence of congestion, the consumption tax is shown to be distortionary. Optimal fiscal policy involves using consumption‐based instruments in conjunction with the income tax. An income tax‐financed increase in government spending dominates both lump‐sum and consumption tax‐financing. Replacing the lump‐sum tax with an income tax to finance a given level of spending dominates introducing an equivalent consumption tax. These results contrast sharply with the literature, where the consumption tax is generally viewed as the least distortionary source of public finance.
SSRN
In: Journal of development economics, Band 133, S. 66-83
ISSN: 0304-3878
In: Journal of development economics, Band 133, S. 66-83
ISSN: 0304-3878
World Affairs Online
SSRN
Working paper
SSRN
Working paper
In: Journal of economic dynamics & control, Band 35, Heft 9, S. 1405-1423
ISSN: 0165-1889
In: Journal of economic dynamics & control, Band 35, Heft 8, S. 1288-1306
ISSN: 0165-1889
In: Journal of development economics, Band 84, Heft 1, S. 507-533
ISSN: 0304-3878
In: Journal of development economics, Band 84, Heft 1, S. 507-533
ISSN: 0304-3878
World Affairs Online
SSRN
In: Journal of development economics, Band 151, S. 102625
ISSN: 0304-3878
In: Journal of development economics, Band 151, S. 1-33
ISSN: 0304-3878
World Affairs Online