Growth and the public sector: A critical review essay

Agell, Jonas; Lindh, Thomas; Ohlsson, Henry

doi:10.1016/s0176-2680(96)00031-6

Cited by 193 publications

(117 citation statements)

References 33 publications

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“…Agell et al, 1997Agell et al, , 1999Folster andHenrekson, 1999, 2001) focus on the effect of government size. Depending on methods used and on countries studied, the obtained results are highly contradictory.…”

Section: Direct Effects Of Fiscal Policy On Tfpmentioning

confidence: 99%

Fiscal policy and TFP in the OECD: measuring direct and indirect effects

2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Statement of purpose:The purpose of these working papers is to promote the circulation of research results (Research Series) and analytical studies (Documents Series) made within the National Bank of Belgium or presented by external economists in seminars, conferences and conventions organised by the Bank. The aim is therefore to provide a platform for discussion. The opinions expressed are strictly those of the authors and do not necessarily reflect the views of the National Bank of Belgium. JEL classification: C31, C33, E62, O38 Orders

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Section: Direct Effects Of Fiscal Policy On Tfpmentioning

confidence: 99%

Fiscal policy and TFP in the OECD: measuring direct and indirect effects

2014

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“…Castles and Dowrick [3] , Atkinson [4] , Agell, Lindh and Ohlsson [5] all argue that the different uses of total government expenditure affect growth differently and a similar argument applies to the way tax revenue is raised. During the past decades, some countries have increased taxation quite dramatically, while in other countries tax rates have remained roughly the same.…”

Section: Introductionmentioning

confidence: 99%

Tax Revenues and Economic Growth: An Empirical Investigation for Greece Using Causality Analysis

Anastassiou¹,

Dritsaki²

2005

J. of Social Sciences

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This study examines the relationship between tax revenues and the rate of economic growth for Greece. The viewpoint that the low ratio of direct to indirect taxation promotes high economic growth has been a main subject for discussion. However, not many papers have attempted to test the above hypothesis. One of the main problems that researchers are facing is the lack of time series data over a sufficiently long period. This brings out particular problems when testing for unit roots and cointegration between time series of the variables used. In this study, we try to analyse the relationship between total tax revenues, income tax and tax on capital gains, gross domestic saving and the rate of economic growth. In order to find this relationship, annual data from 1965 until 2002 and causality analysis are used. The findings have shown that there exists causal relationship between tax revenues and economic growth in Greece.

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“…Still, they found that the effects of taxation are difficult to isolate empirically. In the same way, using data for 23 Organisation for Economic Co-operation and Development (OECD) members, Agell, Lindh, and Ohlsson (1997) found no firm evidence regarding the relationship between growth and tax share. In his review of studies consisting mostly of crosscountry evidence for advanced economies, Slemrod (1995) concluded that there was no compelling evidence that the extent of government spending had either a positive or negative impact on growth owing to weaknesses in the estimation models used in these studies.…”

Section: Review Of Literaturementioning

confidence: 97%

“…On the link between taxes and growth, there are studies that show weak or non-robust relationships, such as those by Easterly and Rebelo (1993);and Agell, Lindh, and Ohlsson (1997); and studies that reveal strong associations, such as those by Skinner (1987); Arnold et al (2011);and Gemmell, Kneller, and Sanz (2011). Skinner showed that the increase in tax effort in Sub-Saharan countries was predicted to have reduced output growth, even accounting for the positive effects of additional government spending.…”

Section: Review Of Literaturementioning

confidence: 99%

Fiscal Policy and Growth in Developing Asia

et al. 2014

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In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The region's overall level of taxes and government spending are substantially lower than those prevailing in advanced economies. Nevertheless, there are conceptual grounds why fiscal policy, including the composition of taxes and government spending, can have a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. The views expressed in this paper are those of the author and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use.By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Note: In this publication, "$" refers to US dollars.The ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.

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Growth and the public sector: A critical review essay

Cited by 193 publications

References 33 publications

Fiscal policy and TFP in the OECD: measuring direct and indirect effects

Fiscal policy and TFP in the OECD: measuring direct and indirect effects

Tax Revenues and Economic Growth: An Empirical Investigation for Greece Using Causality Analysis

Fiscal Policy and Growth in Developing Asia

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