The Truth About Taxes and Economic Growth pptx

... CUTS? The Truth About Taxes and Economic Growth Interview with Joel SlemrodJudging by the political scene in Washington, one wouldthink that low taxes were the main source of economic growth in the ... talk about growth rates. It is not merely a mat- The Truth About Taxes and Economic Growth Challenge/January–February 2003 7ter of looking at one point and comparing GDP to the pro-portion of taxes ... between the two.Q. And yet your studies and those of others suggest there isno relationship between low taxes and high growth or high taxes and slower growth rates?A. Yes. Here, as I said, the...

... influences in isolating the effect of taxes on economic growth in the states. Taxes and State Economic Growth A number of studies have explored the impact of taxes on state economic growth. 1Most, ... Transfers and Regional Growth. ” Southern Economic Journal 46(2): 435–44.71State Income Taxes and Economic Growth Romer, P. M. (1994) The Origins of Endogenous Growth. ” Journalof Economic ... of economic growth. The analysis underscores the negative impact of income taxes on economic growth in the states. Most states introduced an income tax and came to rely on the income tax as the...

... long-term economic growth were the central macroeconomic problem was fortunately accompanied in the late 1980s byimportant advances in the theory of economic growth. This period featured the development ... values of economic growth and investment in the 1965-75 and 1975-85 periods. (For the third equation, the instrument list includes the rule-of-law value for 1985 butnot for later years.) The idea ... 1996). These data are classified by sex and age (for persons aged 15 and over and 25 and over) and by levels of education (no school, partial and complete primary, partial and complete secondary, and...

... with permission of the copyright owner. Further reproduction prohibited without permission.Financial development and economic growth: Views and agendaRoss LevineJournal of Economic Literature; ... permission.Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.Reproduced with permission of the copyright owner. Further reproduction prohibited without ... permission.Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.Reproduced with permission of the copyright owner. Further reproduction prohibited without...

... augmented-neoclassical growth model format by adding the channel variables into the right-hand side of the regressions and observing their magnitude and the significance as well as that of the democracy ... variables Table 2 lists the variables used in the MRA, together with the means and standard deviations for the two datasets. Through these variables we wish to test whether differences in study ... variation in the results is the type and the composition of countries used in the studies. Accordingly, we delve deeper into the datasets of the studies and see which countries are employed for the...

... 109twoeventsiscalculatedbysubtractingthedateoffirstintercoursesincemenarchefromthedateoffirstmarriage.Iffirstintercourseaftermenarcheoccurredafterfirstmarriage,orbotheventsoccurredinthesamemonth,itisindicatedaccordinglyintable26.Monthspregnantwhenprenatalcarebegan—Forallpregnanciesendinginanywayotherthaninducedabortionin1991–95,womenwereaskedtoreportiftheyhadevervisitedadoctor,midwife,orclinicforprenatalcare.Thosewhoreportedanyprenatalcarewerethenaskedhowmanyweeksormonthspregnanttheywerewhentheyfirstwentforprenatalcare.ThePNCAREWKrecodeindicatesthenumberofweekspregnantatfirstprenatalvisit.Table83givesthepercentdistributionofPNCAREWKforallpregnanciesthatresultedinlivebirthin1991–95 .The categoriesshownare‘‘lessthan3months,’’‘‘3–4months,’ and ‘5monthsormoreornoprenatalcare.’’‘‘Lessthan3months’’isdefinedaslessthan13weeks,tobeconsistentwiththedefinitionofearly(firsttrimester)prenatalcareinpreviousreportsfromtheNSFG.Mother’seducation(recode=EDUCMOM)—‘‘Mother’seducation’’wasclassifiedaccordingtothehighestgradeofregularschoolorcollegecompletedbytherespondent’smotherormother-figure.ThismeasurediffersslightlyfrompastNSFGreportsthatwerebasedonaquestionaskingforeducationof‘‘mother’’or‘‘stepmother.’’TheCycle5versiondiffersbecausetheidentityofthemotherormother-figurewasascertainedinamorepreciseway:ifthechildhoodlivingarrangementsshowedthattherespondentlivedwithhernaturalmotheratsomepointandneverlivedwithafemaleparentotherthanthenaturalmother,thenthenaturalmotheristhepersonaboutwhomeducationwasasked.Otherwise ,the respondentwasasked:‘‘Who,ifanyone,doyouthinkofasthewomanwhomostlyraisedyouwhenyouwereateenager?’’Thepersonreportedbecomesthepersonaboutwhomeducationisasked.Respondentseligibleforthatquestionwereallowedtorespond‘‘nosuchperson,’ and 0.7percentofsamplecasesfellintothiscategory.Thiscategoryislabeled‘‘nomother-figureidentified’’inthetables.Anadditional4.3percentofinterviewedwomenhadmissingdataonmother’seducation,andthesevaluesfortheEDUCMOMrecodewereimputed.Nonvoluntaryfirstsexualintercourse—Thevoluntary/nonvoluntarystatusoffirstintercoursewasdeterminedfromtwoquestionsintheinterviewer-administeredinterview.First,respondentswereasked:‘‘LookingatthescaleonCardC-3,whichnumberwouldyousaycomesclosesttodescribinghowmuchyouwantedthatfirstsexualintercoursetohappen?Onthisscale,a1meansthatyoureallydidn’twantittohappenatthetime ,and a10meansthatyoureallywantedittohappen.’’Womenwhorespondedtothisquestionthattheirfirstintercoursewasarapeareclassifiedashavingnonvoluntaryfirstintercourse.Respondentswhoreportedanythingotherthan‘‘rape’’wereasked:‘‘Wouldyousaythenthatthisfirstsexualintercoursewasvoluntaryornotvoluntary?’’Respondentsanswering‘‘notvoluntary’’arealsoclassifiedashavingnonvoluntaryfirstintercourseforthetable(table21).Numberofhusbandsorcohabitingpartners—TherecodeFMARNOgivesthenumberoftimesawomanhasbeenlegallymarried.Womenwerealsoaskedthenumberofothercohabitingpartnerstheymayhavehad.Table37isbasedonthetotalnumberofhusbandsandcohabitingpartners,computedasfollows:FMARNO+(1ifcurrentlycohabiting)+(#ofothercohabitingpartners)Husbandswithwhomawomanalsocohabited(outsideofmarriage)arecountedonlyonce,ashusbands.Numberofmalesexualpartners—Eachwomanwhohadeverhadvoluntarysexualintercousewasaskedtoreportthenumberorrange(low-high)ofmaleswithwhomshehashadsexual(vaginal)intercourseinherlife,asofthedateofinterview.ShewasalsoaskedtoreporthernumberofmalesexualpartnerssinceJanuary1991(roughlythelast5years)andinthelast12months.Ifarangeofpartnerswasreported ,the numberofpartnerswascalculatedastheaverageofthelowandhighnumbers.Inthosefewcaseswheretherespondentreportedzeropartnersforthelowendoftherangeandonepartnerforthehighend,thenumberofpartnerswassetequaltoone.Respondentswhohadneverhadintercourseorwhohadonlyhad(first)nonvoluntaryintercoursewereassignedzero.Thereweretwoversionsofthisseriesofthreequestionsaboutnumberofmalesexualpartners.Thedescriptionaboveappliestotheversionintheinterviewer-administeredportionofthesurvey,andtheseresultsarepresentedintables27,29 ,and3 1.ThesequestionswererepeatedintheAudioCASI,orself-administered,portionofthesurvey,attheendoftheinterview.Eachpairofquestions(interviewer-administeredandself-administered)waswordedalmostidentically,althoughtheAudioCASIquestionsaskedforaspecificnumberanddidnotallowarangetobegiven.Also,thequestionsintheself-administeredportionwereprefacedbythefollowinginstruction:‘‘ ... WANTPART,respectively, and reflect the woman’sreports of the father’s attitudes toward the pregnancy at the time of conception.If the respondent said she did notknow whether she wanted to havea(nother) child then ... questions about their firstfamily planning visit and first clinicvisit, including the month and year theyfirst received a ‘‘family planningservice,’’ where they received it, and how they paid...

... estimation (FE) and random effects estimation (RE). The main difference between these two methods is the basic assumption about the relationship between the unobserved effect c and the explanatory ... chapter presents the econometric analysis. In the first paragraph, the relationship between social trust and economic growth is investigated. Furthermore, the robustness of the results is tested ... Social trust and economic growth To give a first impression of the association between social trust and economic growth, figure 1 plots social trust levels against the log of GDP in 1950. The positive...

... SocietyEducation and Economic Growth Cisco Public 7Section 1—Education and Economic Growth The relationship between economic growth and education has been one of the central threads of economic analysis. ... now there is no way to tell if there will be either the changes in the composition of the economy or in the role of schooling. What we do know from the past is that when the how, what, when and ... Ong, 2007, Where the Engineers Are, Issues in Science and Technology, www.issues.org/23.3/wadhwa.html Education and Economic Growth Education and Economic Growth: From the 19th to the 21st Century...

... spreads may lead economic growth (Davis and Fagan, 1997) and therefore loan growth. The term spread, in this paper defined as the quarterly average of the daily spread between the ten-year government ... models, the lending culture of the bank, the seniority and experience of loan officers, the banks’ hierarchy of decision-making, and so on. They thus include price and non-price terms and conditions ... loan growth to non-financial corporations due to the net tightening in credit standards and on top of conventional demand and interest rate impacts. In addition, the BLS responses and the estimated...

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