General Equilibrium, Growth, and Trade. Essays in Honor of Lionel McKenzie

1981 ◽  
Vol 14 (1) ◽  
pp. 174
Author(s):  
Murray C. Kemp ◽  
Jerry R. Green ◽  
Jose Alexandre Scheinkman
Keyword(s):  
General Equilibrium ◽  
Equilibrium Growth

scholarly journals THE EVOLUTION OF TAXES AND HOURS WORKED IN AUSTRIA, 1970–2005

2014 ◽  
Vol 19 (8) ◽  
pp. 1800-1815 ◽  
Author(s):  
John T. Dalton
Keyword(s):  
General Equilibrium ◽  
Growth Model ◽  
Labor Income ◽  
Marginal Tax Rate ◽  
Hours Worked ◽  
Tax Rate ◽  
Time Period ◽  
Working Age ◽  
Equilibrium Growth

Aggregate hours worked per working-age person decreased in Austria by 25% from 1970 to 2005. During the same time period, taxes increased, particularly the effective marginal tax rate on labor income. Using a standard general equilibrium growth model with taxes, I quantitatively assess the role played by the evolution of taxes in the evolution of hours worked in Austria. The model accounts for 76% of the observed decrease in hours worked per working-age person. My results are in line with other studies, which find taxes play an important role in explaining aggregate hours worked.

General Equilibrium Theory in Soviet Economic Science:bibliometric analysis

2014 ◽  
pp. 106-125 ◽  
Author(s):  
E. Malkov
Keyword(s):  
General Equilibrium ◽  
Qualitative Analysis ◽  
Bibliometric Analysis ◽  
Equilibrium Theory ◽  
General Equilibrium Theory ◽  
Mathematical Economics ◽  
Von Neumann ◽  
Soviet Literature ◽  
Equilibrium Growth ◽  
Disequilibrium Theory

This paper is the first attempt at quantitative and qualitative analysis of the Soviet literature on general equilibrium theory in 1960-1990s. We divide the papers into four subgroups: von Neumann-Gale class of models and equilibrium growth; Arrow-Debreu class of models; disequilibrium theory; other branches of general equilibrium theory. Bibliometric analysis shows that von Neumann-Gale class of models was the most popular one in the Soviet mathematical economics.

scholarly journals GREEN SPENDING REFORMS, GROWTH, AND WELFARE WITH ENDOGENOUS SUBJECTIVE DISCOUNTING

2014 ◽  
Vol 19 (6) ◽  
pp. 1240-1260 ◽  
Author(s):  
Eugenia Vella ◽  
Evangelos V. Dioikitopoulos ◽  
Sarantis Kalyvitis
Keyword(s):  
Fiscal Policy ◽  
General Equilibrium ◽  
Growth Model ◽  
Production Technology ◽  
Environmental Conditions ◽  
Environmental Concerns ◽  
Poverty Trap ◽  
Optimal Response ◽  
Optimal Fiscal Policy ◽  
Equilibrium Growth

This paper studies optimal fiscal policy, in the form of taxation and the allocation of tax revenues between infrastructure and environmental investment, in a general-equilibrium growth model with endogenous subjective discounting. A green spending reform, defined as a reallocation of government expenditures toward the environment, can procure a double dividend by raising growth and improving environmental conditions, although the environment does not impact the production technology. Also, endogenous Ramsey fiscal policy eliminates the possibility of an “environmental and economic poverty trap.” In contrast to the case of exogenous discounting, green spending reforms are the optimal response of the Ramsey government to a rise in the agents' environmental concerns.

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