Taxes on capital accumulation and economic growth

Article Abstract:

A study, which examined the effects of taxation on accumulated capital, showed that an increase of the wage income tax also increased the rate of economic growth while an increase on the interest income tax reduced the rate of economic growth. It also showed that an increase of wage income and bequest taxes reduce the rate of economic growth. The study was based on several endogenous growth models, such as those proposed by Jones and Manuelli, Azariadis and Drazen and Caballe, incorporated with altruistic bequest motives.

Income tax

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Growth, welfare, and trade in an integrated model of human-capital accumulation and research

Article Abstract:

A model that incorporates human-capital accumulation and research was developed to analyze its outcomes for growth, welfare and trade. The model revealed that government regulations, such as research and development subsidies and flat-rate taxes, are ineffective in influencing equilibrium growth rate. Cross-border knowledge spillovers and international trade are also found to be insignificant to economic growth in industrialized countries.

Research, Models, Welfare economics, Human capital

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Central bank independence and financing government spending

Article Abstract:

The degree of central bank independence affects funding of government spending. An assessment of eighteen member nations of Organizations for Economic Cooperation and Development (OECD) revealed that less seigniorage revenue, which the government use to finance government spending, was generated in countries where central banks enjoyed high degree of independence. Such countries were also found to have less inflation rate.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Economic aspects, Finance, Banks (Finance), Expenditures, Public, Public expenditures, Organization for Economic Cooperation and Development

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