Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/179397 
Autor:innen: 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
EERI Research Paper Series No. 18/2016
Verlag: 
Economics and Econometrics Research Institute (EERI), Brussels
Zusammenfassung: 
We show that in an endogenous growth model with human accumulation calibrated to Bulgarian data under the progressive taxation regime (1993-2007), the artificial economy exhibits equilibrium indeterminacy. These results are in line with the recent findings in Chen and Guo (2015) in the context of an AK endogenous growth model. Also, the findings are in contrast to Guo and Lansing (1988) who argue that progressive taxation works as an automatic stabilizer. Progressive taxation in our setup leads to equilibrium indeterminacy. This indeterminacy result could explain, at least partially, why the economic performance under the progressive taxation regime in Bulgaria was not impressive.
Schlagwörter: 
Progressive Income Taxation
Endogenous growth
Human capital
Equilibrium (In)determinacy
JEL: 
E32
E62
O41
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
287.93 kB





Publikationen in EconStor sind urheberrechtlich geschützt.