GREEN TAX SHOCKS AND ECONOMIC GROWTH

Economic Freedom, Economic Growth And Governments Tax Revenue In (MENA)

Tax Evasion and Economic Growth∗

In this paper we analyze how the tax compliance policy affects the rate of economic growth. We consider a model of overlapping generations in which the paths of all the macroeconomic variables are endogenously determined and we perform the comparative statics analysis of changes in both the probability of inspection and the penalty fee imposed on tax evaders. We also show the nonoptimality from...

Aggregate demand shocks and economic growth

The traditional view of growth and fluctuations implies that aggregate demand shocks result in only transitory departures from trend or “normal” output, which is determined exclusively by aggregate supply factors. Using a simple dynamic framework for a less-developed economy, a series of models is developed to show that aggregate demand can have a permanent effect on economic growth. It is show...

Tax Shocks , Sunspots and Tax Evasion §

This paper shows that an increase in corporate/labor/income tax rates may push an economy with tax evasion into an expansionary pattern, under increasing returns to scale. These effects would be reversed when the steady state is saddle-path stable. This model does not undertake a full identification. The interesting feature of our results is that fiscal policy in an economy with a significant u...

Green attitude and economic growth

We analyse the interdependence between green attitude and equilibrium development of environmental quality in an endogenous growth model. Individuals take only part of their impact on pollution into account, hence there is a negative externality of capital accumulation on environmental quality. Increasing wealth or increasing pollution enhance green attitude and reduce the externality, because ...