Implications for Tax Policy of Lower Trend Productivity Growth
نویسنده
چکیده
منابع مشابه
Tax Policy and Economic Growth in the Developing and Developed Nations
Fiscal policy is a policy that tries to achieve certain economic goals through instruments such as changes in government expenditure and taxation. The financial policy uses two instruments of government revenue (tax) and government spending (spending) to influence the economy. And in the economic literature, they consider economic growth to be equal to GDP. The impact of financial policies on e...
متن کاملComposition of Government Spending, Optimal Fiscal Policy, and Endogenous Growth in the Economy of Iran
This paper investigates the optimal fiscal policy, pertaining to government spending, considering different productivity of public services in production function and its impact on the optimal tax rate, the optimal rate of government spending, and optimal economic growth rate. Using the VECM model for Iranian economy over 48 years, results show while the current expenditure has a positive and s...
متن کاملInvestigating the Structural Changes of Tax in Iran
S tructural change is defined as a change in the relative weight of the important constituents of the macro-economic indicator such as production, taxes, imports and exports, workforce etc. Since the structure change is one of the main reasons for the growth and economic development of countries, the investigation of the trend of changes in economic important constituents is important. Tax...
متن کاملInstitutional Innovations for Controlling the Institutional Destruction of Oil Shocks in Iran
In the economic literature, institutional quality and the factors affecting its changes, have become one of the important issues in economic growth of countries.One of theis factors in oil exporting countries such as Iran is oil revenues and shocks. Although in existing studies the effect of oil shocks on the destruction of Iranchr('39')s institutional quality has been accepted, few studies hav...
متن کاملResource Misallocation and Aggregate Productivity under Progressive Taxation∗
This paper quantitatively examines the long-run macroeconomic effects of resource misallocation in an otherwise standard one-sector neoclassical growth model with heterogeneous establishments being subject to progressive taxation as well as endogenous entry decisions. Under a progressive fiscal policy rule, capital and labor inputs move from more productive to less productive establishments as ...
متن کامل