scholarly journals Impacts of Emission Reduction Policies in a Multi-Regional Multi-Sectoral Small Open Economy with Endogenous Growth

2007 ◽  
Author(s):  
Raouf Boucekkine ◽  
M. Germain
Keyword(s):  
Endogenous Growth ◽  
Open Economy ◽  
Emission Reduction ◽  
Small Open Economy

scholarly journals R&D and economic growth in Slovenia: A dynamic general equilibrium approach with endogenous growth

2011 ◽  
Vol 58 (1) ◽  
pp. 67-89 ◽  
Author(s):  
Miroslav Verbic ◽  
Boris Majcen ◽  
Olga Ivanova ◽  
Mitja Cok
Keyword(s):  
General Equilibrium ◽  
Endogenous Growth ◽  
Open Economy ◽  
Government Spending ◽  
Small Open Economy ◽  
Moderate Increase ◽  
Long Run ◽  
Tax Relief ◽  
Future Value ◽  
Policy Scenarios

In the article, we model R&D as a major endogenous growth element in a small open economy general equilibrium framework and consider several R&D policy scenarios for Slovenia. Increase of the share of sectoral investment in R&D that is deductible from the corporate income tax and increase of government spending on R&D turned out to be the most effective suggested policy measures. While the former policy measure is still followed in part by an undesired transfer of the tax relief to dividends, a moderate increase of government spending on R&D boosts long-run productivity in the economy, thus increasing the future value of firms, which is reflected in a desired dividend increase. The households that would gain more utility from such policy scenarios are those with more skilled and highly skilled labour, but not the very top earners in the economy.

scholarly journals Openness, Bureaucratic Corruption And Public Policy In An Endogenous Growth Model

2010 ◽  
Vol 9 (3) ◽  
Author(s):  
Rangan Gupta ◽  
Emmanuel Ziramba
Keyword(s):  
Endogenous Growth ◽  
Growth Model ◽  
Open Economy ◽  
Overlapping Generations ◽  
Small Open Economy ◽  
Empirical Literature ◽  
Bureaucratic Corruption ◽  
Financial Repression ◽  
Endogenous Growth Model ◽  
The Government

In this paper, we develop a dynamic general equilibrium overlapping generations monetary endogenous growth model of a financially repressed small open economy characterized by bureaucratic corruption, and, in turn, analyze optimal policy decisions of the government following an increase in the degree of corruption. As suggested in the empirical literature, we find that increases in the degree of corruption should ideally result in an increase in the ratio of seigniorage to total revenue, as an optimal response of the benevolent government. In addition, higher degrees of corruption are also found to be accompanied by higher levels of financial repression. 

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