Economic Growth with Constraints on Tax Revenues and Public Debt

Taxing for Growth - World Bank Open Knowledge Repository

The vector XXcc,tt includes covariates from growth theory and the government's budget constraint, including the investment-to-GDP ratio, debt-to-GDP ratio, per ...

Fiscal policy under constraints: Fiscal capacity and austerity during ...

Tax revenues per capita, the share of total/direct taxes in GDP, and the share of direct taxes in total tax revenues are all widely used ...

Government Debt and its Macroeconomic Determinants

Abstract ; 05 May 2015 05:55 · 26 Sep 2019 08:44 · Aizenman J, Kletzer K and Pinto B. (2007). Economic growth with constraints on tax revenues and public debt: ...

Government Debt and Economic Growth – Decomposing the Cause ...

The point estimates of the range of econometric specifications suggest a 10-percentage point increase in the debt-to-GDP ratio is associated ...

Public debt dynamics with tax revenue constraints | Request PDF

In this environment, the standard condition requiring economic growth greater than interest costs is not sufficient to guarantee financial stability. Debt might ...

The impact of high and growing government debt on economic growth

Pinto (2007), Economic growth with constraints on tax revenues and public debt: implications for fiscal policy and cross-country differences,. NBER Working ...

A relationship between external public debt and economic growth

Aizenman, J., K. Kletzer and B. Pinto. 2007. Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy ...

The Myth of China's Fiscal Space - Rhodium Group

Actual fiscal deficits, including both central and local government budgets, are around 6-7% of GDP, and are likely to stay in this range, or ...

A relationship between external public debt and economic growth

show a model of endogenous growth with restrictions in tax revenues and public debt. In general, they find that the higher the public debt the lower the growth.

National Debt, Borrowing Constraints, and Human Capital ... - jstor

It plots the economy's annual growth rate against the government ex- penditure's share of GDP and the public debt-to-GDP ratio for a given set of parameter ...

The Budget and Economic Outlook: 2024 to 2034

That trend persists, pushing federal debt to 172 percent of GDP in 2054. Outlays and Revenues. Federal outlays in 2024 total $6.5 trillion, ...

FISCAL POLICY - National Treasury

South Africa's deep and longstanding fiscal challenges are rooted in a long‐term pattern of low economic growth. Government spending has exceeded revenue since ...

Debt-to-GDP Ratio: Formula and What It Can Tell You - Investopedia

Extravagantly high debt-to-GDP ratios may deter creditors from lending money altogether. What the Debt-to-GDP Ratio Can Tell You. It often triggers financial ...

Can Economic Growth Help Solve Our Debt Problem?

A growing economy brings in more tax revenue, which reduces the relative debt burden. This gives lawmakers some breathing room to address fiscal imbalances.

What are fiscal rules and how have they worked in the UK?

They typically apply to a measure of the fiscal deficit (the gap between public expenditure and tax revenues in a given year), the public debt ( ...

restructuring a fiscal policy encourages economic growth – a case of ...

In. 2001, the decisive factor in Ghana's economic difficulties was when the government expenditures are more than the revenue with debt service being the.

Fiscal Panorama of Latin America and the Caribbean 2023 - CEPAL

... tax revenues and declining in public spending, resulting in ... Debt Service is Essential for Fiscal Policy Favorable to Economic and Social Development ...

The Impact of Government Debt on Growth | Cairn.info

6 The theoretical literature on the relationship between public debt and economic growth tends to point to a negative relationship. Growth models augmented with ...

External debt and economic growth in Sub-Saharan Africa

The evidence suggests that the shadow economy is positively related to corruption in public debt, and reduces revenue from tax while encouraging increases in ...

Government Debt | Harvard University

of government debt stimulates aggregate demand and economic growth in the short run but crowds out capital and reduces national income in the long run.