Economic Growth with Constraints on Tax Revenues and Public Debt

With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio constant in the economy with or without a binding constraint on tax ...

With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio constant in the economy with or without a binding ...

Economic growth with constraints on tax revenues and public debt ...

Although the flow of public expenditure raises productivity, the government should not borrow to finance it as the resulting increase in public debt would lower ...

Citations of Economic Growth with Constraints on Tax Revenues ...

António Afonso & Yasfir Ibraimo, 2020. "The macroeconomic effects of public debt: an empirical analysis of Mozambique," Applied Economics, Taylor & Francis ...

Public debt dynamics with tax revenue constraints - ScienceDirect.com

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

[PDF] Economic Growth with Constraints on Tax Revenues and ...

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic ...

Public debt dynamics with tax revenue constraints - HAL

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

Public debt dynamics with tax revenue constraints - IDEAS/RePEc

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

More Revenue Is Required to Meet the Nation's Commitments ...

Managing those risks by limiting the growth in the debt ratio is another key reason to raise revenue. When the federal government collects less ...

Debt Reduction, Fiscal Adjustment, and Growth in Credit ...

Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies ... economic growth when public debt is moderate and the tax rate is low. When ...

Taxing for Growth: Revisiting the 15 Percent Threshold

A tax revenue of 15 percent of GDP enhances economic growth through higher public spending ... We include the interaction between debt to GDP and ...

Constraints on the executive and tax revenues in the long run

The results offer three main findings. First, executive constraints, whether they are judicial or legislative, and tax revenues are cointegrated ...

Do tax revenues track economic growth? Comparing panel data ...

In the long term, tax revenues consistently track economic growth. In the short term, tax revenues tend to grow at a slower pace than the economy.

Public debt dynamics with tax revenue constraints

We develop a dynamic model of public debt under the assumption that it is problematic for governments to implement fast increases of tax revenues, ...

The Long-Term Budget Outlook: 2024 to 2054

Debt held by the public, boosted by the large deficits, reaches its highest level ever in 2029 (measured as a percentage of GDP) and then ...

Economic Issues No. 27 -- Tax Policy for Developing Countries

The ideal tax system in these countries should raise essential revenue without excessive government borrowing, and should do so without discouraging economic ...

Public debt and economic growth - EconStor

Economic growth with constraints on tax revenues and public debt: Implications for fiscal policy and cross-country differenc- es No. w12750 ...

BIS Working Papers - No 939 - The constraint on public debt when r ...

as a capital income tax financing a cut in labor income taxes. 31. Page 35. The direct effect of an increase in a tax rate is to increase fiscal revenues, which ...

Public finance and economics - OECD iLibrary

When expenditures exceed revenues, governments need additional resources to finance their deficits, consequently they borrow money and increase the level of ...

Financial Report of the United States Government - Management

Delaying action to reduce the fiscal gap increases the magnitude of spending and/or revenue changes necessary to stabilize the debt-to-GDP ratio ...