On Indeterminacy and Growth under Progressive Taxation and Utility-Generating Government Spending
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
References listed on IDEAS
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
- Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
- Turnovsky, Stephen J, 1996.
"Fiscal Policy, Adjustment Costs, and Endogenous Growth,"
Oxford Economic Papers, Oxford University Press, vol. 48(3), pages 361-381, July.
- Turnovsky, Stephen J., 1994. "Fiscal Policy, Adjustment Costs, And Endogenous Growth," Economic Research Papers 268646, University of Warwick - Department of Economics.
- Turnovsky, Stephen J., 1999.
"Productive Government Expenditure In A Stochastically Growing Economy,"
Macroeconomic Dynamics, Cambridge University Press, vol. 3(4), pages 544-570, December.
- Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Discussion Papers in Economics at the University of Washington 0056, Department of Economics at the University of Washington.
- Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Working Papers 0056, University of Washington, Department of Economics.
- Pecorino, Paul, 1993. "Tax structure and growth in a model with human capital," Journal of Public Economics, Elsevier, vol. 52(2), pages 251-271, September.
- Barro, Robert J, 1990.
"Government Spending in a Simple Model of Endogenous Growth,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
- Robert J. Barro, 1988. "Government Spending in a Simple Model of Endogenous Growth," NBER Working Papers 2588, National Bureau of Economic Research, Inc.
- Barro, R.J., 1988. "Government Spending In A Simple Model Of Endogenous Growth," RCER Working Papers 130, University of Rochester - Center for Economic Research (RCER).
- Barro, Robert J., 1990. "Government Spending in a Simple Model of Endogeneous Growth," Scholarly Articles 3451296, Harvard University Department of Economics.
- Rebelo, Sergio, 1991.
"Long-Run Policy Analysis and Long-Run Growth,"
Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
- Sergio T. Rebelo, 1990. "Long Run Policy Analysis and Long Run Growth," NBER Working Papers 3325, National Bureau of Economic Research, Inc.
- Sergio Rebelo, 1999. "Long Run Policy Analysis and Long Run Growth," Levine's Working Paper Archive 2114, David K. Levine.
- Chen, Shu-Hua & Guo, Jang-Ting, 2014.
"Progressive taxation and macroeconomic (in)stability with utility-generating government spending,"
Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
- Jang-Ting Guo & Shu-Hua Chen, 2013. "Progressive Taxation and Macroeconomic (In)stability with Utility-Generating Government Spending," Working Papers 201302, University of California at Riverside, Department of Economics, revised Apr 2013.
- Cazzavillan, Guido, 1996. "Public Spending, Endogenous Growth, and Endogenous Fluctuations," Journal of Economic Theory, Elsevier, vol. 71(2), pages 394-415, November.
- Hu, Yunfang & Ohdoi, Ryoji & Shimomura, Koji, 2008.
"Indeterminacy in a two-sector endogenous growth model with productive government spending,"
Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1104-1123, September.
- Yunfang Hu & Ryoji Ohdoi & Koji Shimomura, 2004. "Indeterminacy in a Two-sector Endogenous Growth Model with Productive Government Spending," Discussion Paper Series 149, Research Institute for Economics & Business Administration, Kobe University.
- Campbell, John Y & Mankiw, N Gregory, 1990.
"Permanent Income, Current Income, and Consumption,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 8(3), pages 265-279, July.
- John Y. Campbell & N. Gregory Mankiw, 1987. "Permanent Income, Current Income, and Consumption," NBER Working Papers 2436, National Bureau of Economic Research, Inc.
- Campbell, John Y. & Mankiw, N. Gregory, 1990. "Permanent Income, Current Income, and Consumption," Scholarly Articles 3353762, Harvard University Department of Economics.
- Theodore Palivos & Chong K. Yip & Junxi Zhang, 2003.
"Transitional Dynamics and Indeterminacy of Equilibria in an Endogenous Growth Model with a Public Input,"
Review of Development Economics, Wiley Blackwell, vol. 7(1), pages 86-98, February.
- Chong K. Yip & Junxi, Zhang, 1994. "Transitional Dynamics and Indeterminacy of Equilibria in an Endogenous Growth Model with Public Input," Departmental Working Papers _050, Chinese University of Hong Kong, Department of Economics.
- Theodore Palivos & Chong K. Yip & Junxi Zhang, 2000. "Transitional Dynamics and Indeterminacy of Equilibria is an Endogenous Growth Model with a Public Input," Departmental Working Papers _128, Chinese University of Hong Kong, Department of Economics.
- Glomm, Gerhard & Ravikumar, B., 1994. "Public investment in infrastructure in a simple growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 18(6), pages 1173-1187, November.
- Turnovsky, Stephen J., 1997. "Fiscal Policy In A Growing Economy With Public Capital," Macroeconomic Dynamics, Cambridge University Press, vol. 1(3), pages 615-639, September.
- King, Robert G & Rebelo, Sergio, 1990.
"Public Policy and Economic Growth: Developing Neoclassical Implications,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 126-150, October.
- King, R.G. & Rebelo, S., 1988. "Public Policy And Economic Growth: Developing Neoclassical Implications," RCER Working Papers 225, University of Rochester - Center for Economic Research (RCER).
- Robert G. King & Sergio Rebelo, 1990. "Public Policy and Economic Growth: Developing Neoclassical Implications," NBER Working Papers 3338, National Bureau of Economic Research, Inc.
- Robert J. Barro & Xavier Sala-I-Martin, 1992.
"Public Finance in Models of Economic Growth,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 645-661.
- Robert J. Barro & Xavier Sala-i-Martin, 1990. "Public Finance in Models of Economic Growth," NBER Working Papers 3362, National Bureau of Economic Research, Inc.
- Sala-I-Martin, X. & Barro, R.J., 1991. "Public Finance in Models of Economic Growth," Papers 640, Yale - Economic Growth Center.
- Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Public Finance in Models of Economic Growth," CEPR Discussion Papers 630, C.E.P.R. Discussion Papers.
- Charles R. Bean, 1986.
"The Estimation of "Surprise" Models and the "Surprise" Consumption Function,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(4), pages 497-516.
- Bean, Charles R, 1985. "The Estimation of 'Surprise' Models and the 'Surprise' Consumption Function," CEPR Discussion Papers 54, C.E.P.R. Discussion Papers.
- Alfred Greiner, 2007. "An Endogenous Growth Model With Public Capital And Sustainable Government Debt," The Japanese Economic Review, Japanese Economic Association, vol. 58(3), pages 345-361, September.
- Shu-Hua Chen & Jang-Ting Guo, 2016.
"Progressive Taxation, Endogenous Growth, And Macroeconomic (In)Stability,"
Bulletin of Economic Research, Wiley Blackwell, vol. 68(S1), pages 20-27, December.
- Jang-Ting Guo & Shu-Hua Chen, 2014. "Progressive Taxation, Endogenous Growth, and Macroeconomic (In)stability," Working Papers 201424, University of California at Riverside, Department of Economics.
- Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation, Endogenous Growth, and Macroeconomic (In)stability," Working Papers 201509, University of California at Riverside, Department of Economics.
- Steven Yamarik, 2001. "Nonlinear Tax Structures and Endogenous Growth," Manchester School, University of Manchester, vol. 69(1), pages 16-30, January.
- repec:bla:scandj:v:95:y:1993:i:4:p:607-25 is not listed on IDEAS
- Ni, Shawn, 1995. "An empirical analysis on the substitutability between private consumption and government purchases," Journal of Monetary Economics, Elsevier, vol. 36(3), pages 593-605, December.
- Baier, Scott L. & Glomm, Gerhard, 2001. "Long-run growth and welfare effects of public policies with distortionary taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 2007-2042, December.
- Chen, Been-Lon, 2006. "Public capital, endogenous growth, and endogenous fluctuations," Journal of Macroeconomics, Elsevier, vol. 28(4), pages 768-774, December.
- ShuHua Chen & JangTing Guo, 2013. "On indeterminacy and growth under progressive taxation and productive government spending," Canadian Journal of Economics, Canadian Economics Association, vol. 46(3), pages 865-880, August.
- Shu‐Hua Chen & Jang‐Ting Guo, 2013. "On indeterminacy and growth under progressive taxation and productive government spending," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 865-880, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Fujisaki, Seiya, 2017. "Equilibrium Determinacy in a Two-Tax System with Utility from Government Expenditure," MPRA Paper 81214, University Library of Munich, Germany.
- Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018.
"Progressive taxation and macroeconomic stability in two-sector models with social constant returns,"
Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
- Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive Taxation and Macroeconomic Stability in Two‐sector Models with Social Constant Returns," IEAS Working Paper : academic research 18-A003, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019.
"Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
- Jang-Ting Guo & Juin-Jen Chang & Jhy-Yuan Shieh & Wei-Neng Wang, 2017. "Sectoral Composition of Government Spending, Distortionary Income Taxation, and Macroeconomic (In)stabilit," Working Papers 201702, University of California at Riverside, Department of Economics.
- Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
- Guizhou Wang & Kjell Hausken, 2021. "Governmental Taxation of Households Choosing between a National Currency and a Cryptocurrency," Games, MDPI, vol. 12(2), pages 1-24, April.
- Shu-Hua Chen & Jang-Ting Guo, 2019.
"Progressive taxation as an automatic destabilizer under endogenous growth,"
Journal of Economics, Springer, vol. 127(1), pages 47-71, June.
- Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Chen, Shu-Hua & Guo, Jang-Ting, 2014.
"Progressive taxation and macroeconomic (in)stability with utility-generating government spending,"
Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
- Jang-Ting Guo & Shu-Hua Chen, 2013. "Progressive Taxation and Macroeconomic (In)stability with Utility-Generating Government Spending," Working Papers 201302, University of California at Riverside, Department of Economics, revised Apr 2013.
- Shu-Hua Chen & Jang-Ting Guo, 2019.
"Progressive taxation as an automatic destabilizer under endogenous growth,"
Journal of Economics, Springer, vol. 127(1), pages 47-71, June.
- Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
- Shu‐Hua Chen & Jang‐Ting Guo, 2013. "On indeterminacy and growth under progressive taxation and productive government spending," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 865-880, August.
- Andreas Irmen & Johanna Kuehnel, 2009.
"Productive Government Expenditure And Economic Growth,"
Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
- Andreas Irmen & Johanna Kuehnel, 2008. "Productive Government Expenditure and Economic Growth," CESifo Working Paper Series 2314, CESifo.
- Albulena Ukimeraj, 2016. "Professional Ethics and Disciplinary System in the KCA," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 2, ejes_v2_i.
- Turnovsky, Stephen J., 1999.
"On the role of government in a stochastically growing open economy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 23(5-6), pages 873-908, April.
- Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0073, Department of Economics at the University of Washington.
- Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Working Papers 0073, University of Washington, Department of Economics.
- Shu-Hua Chen & Jang-Ting Guo, 2016.
"Progressive Taxation, Endogenous Growth, And Macroeconomic (In)Stability,"
Bulletin of Economic Research, Wiley Blackwell, vol. 68(S1), pages 20-27, December.
- Jang-Ting Guo & Shu-Hua Chen, 2014. "Progressive Taxation, Endogenous Growth, and Macroeconomic (In)stability," Working Papers 201424, University of California at Riverside, Department of Economics.
- Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation, Endogenous Growth, and Macroeconomic (In)stability," Working Papers 201509, University of California at Riverside, Department of Economics.
- Turnovsky, S., 2000.
"Growth in an Open Economy: some Recent Developments,"
Papers
5, Warwick - Development Economics Research Centre.
- Stephen J. Turnovsky, 2000. "Growth in an open economy: some recent developments," Working Paper Research 05, National Bank of Belgium.
- Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Working Papers 0015, University of Washington, Department of Economics.
- Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
- Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
- Pierre‐Richard Agénor, 2011.
"Schooling and Public Capital in a Model of Endogenous Growth,"
Economica, London School of Economics and Political Science, vol. 78(309), pages 108-132, January.
- Pierre-Richard Agénor, 2005. "Schooling and Public Capital in a Model of Endogenous Growth," Economics Discussion Paper Series 0538, Economics, The University of Manchester.
- P R Agénor, 2005. "Schooling and Public Capital in a Model of Endogenous Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 61, Economics, The University of Manchester.
- Turnovsky, Stephen J., 1999.
"Productive Government Expenditure In A Stochastically Growing Economy,"
Macroeconomic Dynamics, Cambridge University Press, vol. 3(4), pages 544-570, December.
- Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Discussion Papers in Economics at the University of Washington 0056, Department of Economics at the University of Washington.
- Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Working Papers 0056, University of Washington, Department of Economics.
- Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
- Gupta, Manash Ranjan & Barman, Trishita Ray, 2009. "Fiscal policies, environmental pollution and economic growth," Economic Modelling, Elsevier, vol. 26(5), pages 1018-1028, September.
- Trishita Ray Barman & Manash Ranjan Gupta, 2010. "Public Expenditure, Environment, and Economic Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(6), pages 1109-1134, December.
- Gupta, Manash Ranjan & Barman, Trishita Ray, 2010. "Health, infrastructure, environment and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 657-673, June.
- repec:hit:hitjcm:v:56:y:2015:i:1:p:73-91 is not listed on IDEAS
- Wei-Bin ZHANG, 2018. "Nonlinear Progressive Income Taxation And Inequalities In Income And Wealth Between Heterogeneous Households," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(2), pages 42-53.
- Gupta, Manash Ranjan & Barman, Trishita Ray, 2015. "Environmental Pollution, Informal Sector, Public Expenditure And Economic Growth," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(1), pages 73-91, June.
- Silvia Bertarelli, 2006. "Public capital and growth," Politica economica, Società editrice il Mulino, issue 3, pages 361-398.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
- wei-bin zhang, 2017. "Business Cycles with Progressive Income Taxation," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 5(2), pages 78-95, November.
More about this item
Keywords
Progressive Income Taxation; Equilibrium (In)determinacy; Utility-Generating Government Spending; Endogenous Growth.;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2016-03-23 (Dynamic General Equilibrium)
- NEP-GRO-2016-03-23 (Economic Growth)
- NEP-MAC-2016-03-23 (Macroeconomics)
- NEP-UPT-2016-03-23 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucr:wpaper:201604. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kelvin Mac (email available below). General contact details of provider: https://edirc.repec.org/data/deucrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.