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  • 1
    Electronic Resource
    Electronic Resource
    [S.l.] : Emerald
    Journal of economic studies 32 (2005), S. 114-131 
    ISSN: 0144-3585
    Source: Emerald Fulltext Archive Database 1994-2005
    Topics: Economics
    Notes: Purpose - This paper aims to examine the growth effects of human capital investment achieved through publicly-provided, compulsory education, financed from income and consumption taxes. Design/methodology/approach - Constructs an endogenous growth model for developing countries, based on human capital accumulation in which education is publicly provided and financed, and schooling is compulsory. Findings - Public investment in human and physical capital are financed from taxes on wage and capital income, and consumption. Semi-reduced forms are obtained to examine the equilibrium growth properties of the model, allowing the steady-state effects of fiscal policy to be derived. The specification of the human capital production function and the strength of labour supply effects are shown to be important for the magnitude of steady-state outcomes. Simulations illustrate the model's steady-state and transitional dynamic properties. Originality/value - Provides an analysis of the growth impact of state-provided education.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Journal of economic surveys 16 (2002), S. 0 
    ISSN: 1467-6419
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper reviews, and synthesises within a uniform framework, a number of analytical results on the built-in flexibility of taxation. Established results for income taxes are reviewed and integrated with recent results for consumption taxes. These help to provide a better understanding of the determinants of the revenue responsiveness properties of different taxes. They also provide convenient expressions for the calculation of tax revenue elasticities in practice. It is shown that the magnitude of revenue elasticities can be expected to differ substantially for alternative taxes, for different forms of the same tax, and for the same tax over time as incomes change relative to tax thresholds and as consumption patterns change. These results are especially relevant for the many industrialised countries which have undertaken major fiscal reforms in recent years with, often unintended, consequences for revenue elasticities.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    London, UK : The Institute for Fiscal Studies
    Fiscal studies 25 (2004), S. 0 
    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper provides estimates of individual and aggregate revenue elasticities of income and consumption taxes in the UK over the period 1989–2000. It shows how budgetary changes, including changes to income-related deductions, have substantially affected income elasticities. The estimates of consumption tax revenue elasticities show that changes in consumption patterns over time are important. A merit of the approach used here is that elasticity estimates can be calculated readily from official published sources.
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 42 (1996), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The hypothesis that the demand for services is income-elastic tended to find support in early empirical work. Recent studies however, adopting improved methodologies and better international data (based on PPP exchange rates), have challenged this conventional wisdom. Using an updated, disaggregated dataset covering 60 countries in 1980 this paper re-estimates income and price elasticities of demand for services. It rejects the income-elastic argument overall but confirms a wide range of income elasticity estimates (above and below unity) across different types of services. Estimates are also shown to be sensitive to the a priori model of service demand.
    Type of Medium: Electronic Resource
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  • 5
    Electronic Resource
    Electronic Resource
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    The @world economy 21 (1998), S. 0 
    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Type of Medium: Electronic Resource
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  • 6
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    Unknown
    New York : Periodicals Archive Online (PAO)
    Explorations in economic history. 27:3 (1990:July) 299 
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  • 7
    Electronic Resource
    Electronic Resource
    Springer
    Public choice 89 (1996), S. 393-417 
    ISSN: 1573-7101
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper hypothesises the existence of several sources of monopoly power for local governments when the system of local taxation is reformed, by central government. In particular we argue that information asymmetries between tax-payers and (central and local) government at the time of reform provide opportunities for local politicians to set tax levels which differ from those expected in a full information setting. We predict that, compared to pre-reform tax levels, local tax levels post-reform will differ according to four local government characteristics: (i) the size of the seat majority of the ruling local party; (ii) whether the party controlling local government is the same as, or is different from, the ruling party of central government; (iii) whether the local government structure has one or two ‘tiers’ and whether the same party controls both ‘tiers’; and (iv) the degree of indebtedness of the local authority. Testing the model on the U.K. local tax reform of 1990, we find strong evidence consistent with the hypothesis that inter-authority differences in local tax levels reflect differences in the degree of local political monopoly power resulting from information asymmetries. This monopoly power appears to have been used generally, but not exclusively, to raise tax levels.
    Type of Medium: Electronic Resource
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  • 8
    Electronic Resource
    Electronic Resource
    Springer
    Economic change & restructuring 28 (1995), S. 169-183 
    ISSN: 1574-0277
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Both endogenous growth theory and the (augmented) Solow model propose a role for human capital in the growth process though each is based on different conceptual arguments. Since both approaches can justify the inclusion of human capitallevels andgrowth rates in an output growth regression the two theories cannot readily be distinguished empirically. This paper argues that the variable most commonly used in empirical studies to proxy human capital (levels or growth) — school enrolment rates (SERs) — may capture bothstock andaccumulation effects, butchanges in SERs can provide useful additional dynamic information on the contribution of human capital to growth. Empirical evidence from samples of developed and less developed countries during 1960–85 suggests important growth effects associated both with ‘initial’ levels of, and changes in, SERs. The nature of these effects appears to differ between the two country groups.
    Type of Medium: Electronic Resource
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  • 9
    Publication Date: 1988-03-01
    Print ISSN: 0020-5346
    Electronic ISSN: 1613-964X
    Topics: Economics
    Published by Springer
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