Supply-Side Economics in an Integrated World Economy

Supply-Side Economics in an Integrated World Economy
Author: Mr.Enrique G. Mendoza
Publisher: International Monetary Fund
Total Pages: 62
Release: 1993-11-01
Genre: Business & Economics
ISBN: 145195509X

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The macroeconomic effects of changes in tax and expenditure policies are examined in the context of the competitive equilibrium of a two-country, two-sector model of an integrated world economy. Governments finance purchases and net transfers of tradable and nontradable goods by imposing distortionary taxes on factor incomes and consumption. The model is parameterized and calibrated using data from large industrial economies, including estimates of effective tax rates. Numerical simulations provide estimates of the welfare costs associated with existing distortionary taxes and of the potential gains linked to a more efficient use of these taxes. Welfare gains from tax reforms favoring indirect taxation are substantial. The effects of permanent changes in expenditures depend on their sectoral allocation across tradables and nontradables and on whether they are debtor tax-financed. Trade in goods and assets is very sensitive to fiscal policy changes, but aggregate consumption patterns and welfare implications are not.

Foundations of Supply-Side Economics

Foundations of Supply-Side Economics
Author: Victor A. Canto
Publisher: Academic Press
Total Pages: 300
Release: 2014-05-10
Genre: Business & Economics
ISBN: 1483271579

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Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of taxation. The book contains contributions that cover the analysis of the effects of taxes imposed purely for generating revenues; the process of capital formation; and an attempt to integrate supply-side analysis into a traditional macroeconomic framework. Reports on the empirical evidence on taxation and economic activity and the estimation of a small macroeconomic model of the United States for the postwar period; description of a method of calculating effective marginal tax rates on factor incomes using available U.S. data; and the estimation of the effect of fiscal policy on private investment in plant and equipment are presented as well. Economists will find the book highly insightful.

Understanding the World Economy

Understanding the World Economy
Author: Tony Cleaver
Publisher: Routledge
Total Pages: 279
Release: 2003-09-02
Genre: Business & Economics
ISBN: 1134543247

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First published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.

Economic Disturbances and Equilibrium in an Integrated Global Economy

Economic Disturbances and Equilibrium in an Integrated Global Economy
Author: Victor A. Canto
Publisher: Academic Press
Total Pages: 448
Release: 2018-04-19
Genre: Business & Economics
ISBN: 0128139943

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Economic Disturbances and Equilibrium in an Integrated Global Economy: Investment Insights and Policy Analysis helps readers develop a framework for analyzing economic events and make better, more consistent decisions. Victor Canto presents the theoretical building blocks that make up the overall framework, then expands the framework to tackle more complex problems, applying additional considerations to actual policy or investment issues. Drawing upon the most recent trends in monetary policy and international economics, the book offers sustained direct engagement with the main research question and makes innovative use of the simple concepts of supply and demand to illuminate modern finance literature. The book succeeds by highlighting the often-forgotten interconnectedness of different economic processes. How do we respond to a change in policy or an economic shock? Are all the expected changes to the general equilibrium consistent with each other? Helps readers build an intellectual framework that enables them to interpret articles in the financial press and policy decisions in a logical and consistent manner Differs from other books by eschewing partial equilibria analyses and instead providing a general equilibrium perspective useful for investors and policy makers Provides supporting data on a freely-accessible website so readers can test and replicate results

Economic Globalization

Economic Globalization
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Total Pages: 459
Release: 2024-03-27
Genre: Business & Economics
ISBN:

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What is Economic Globalization Economic globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two others being political globalization and cultural globalization, as well as the general term of globalization.Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital. Economic globalization primarily comprises the globalization of production, finance, markets, technology, organizational regimes, institutions, corporations, and people. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economic globalization Chapter 2: Economy of Chile Chapter 3: Economy of Guatemala Chapter 4: Economy of South Korea Chapter 5: Economy of Tanzania Chapter 6: Tax Chapter 7: Economy of the United States Chapter 8: Economy of Singapore Chapter 9: Informal economy Chapter 10: Economic growth Chapter 11: Economic development Chapter 12: Supply-side economics Chapter 13: Economic inequality Chapter 14: Income distribution Chapter 15: Offshoring Chapter 16: International inequality Chapter 17: Economic Freedom of the World Chapter 18: Income inequality in the United States Chapter 19: Economic liberalisation in India Chapter 20: Redistribution of income and wealth Chapter 21: Causes of income inequality in the United States (II) Answering the public top questions about economic globalization. (III) Real world examples for the usage of economic globalization in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Globalization.

Velocity Economics: The Real American Economy

Velocity Economics: The Real American Economy
Author: Todd Kielkopf
Publisher: Press
Total Pages: 76
Release: 2018-12-15
Genre: Business & Economics
ISBN: 9780578434599

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Velocity Economics is a solutions focused book geared for politicians seeking an alternative to the failed supply-side economic policies that killed the American Dream. Restoring prosperity requires us to understand that America is a Velocity Economy. From business growth to social responsibility, American politicians must pursue policies that will drive prosperity by embracing the principles of Velocity Economics.Early praise for Velocity Economics: "Our cities, counties, and states are being put under immense pressure by the disproved idea that tax cuts cure everything. From rich to poor, skilled to academic, or rural to urban, our communities are more divided now than at nearly any other point in American history. Velocity Economics helps explain why our communities have grown so far apart, and provides a framework for how our leaders can bring America back together."-- State Senator Matt McCoy"Our communities of color have too often been put at the back of the line, struggling in a system that is rigged against them. Velocity Economics demonstrates that the American Dream can only exist when every American has equal opportunity to achieve economic success, sustainability, and financial security."-- Kameron Middlebrooks, President, NAACP Des Moines Branch "Tax policy impacts every household, and policy makers need an updated view of how tax policy truly works. Every economic advisor who expects to win rural America should read Velocity Economics."-- State Representative Chris Hall"What economic gains rural America has seen in recent years has been reliant on downward-trending costs of capital through labor productivity, innovation, and historically low interest rates. Going forward, economic growth will increasingly be reliant on people and businesses taking advantage of labor, innovation, and capital flow opportunities in an increasingly integrated world economy. Expanding rural broadband capacities is crucial to the local velocity of that flow of capital and building wealth."-- Todd Kielkopf, Co-Founder, Community Broadband Action Network"We will only be able to rebuild our economy once we remember that our workers are an asset, not a liability. Velocity Economics is the message all labor leaders need to hear from the politicians they support."-- Edgar Ortiz, Secretary-Treasurer, AFSCME Council 61 Local 3450"Supply-side policies often ironically promote waste in the pursuit of profits. When it comes to food, allowing food waste leaves communities hungry, parents distracted, and kids desperate. Velocity Economics proves what we all know: food recovery efforts reduce the cost of creating well-nourished communities, which are our most productive communities."-- Aubrey Alvarez, Executive Director, Eat Greater Des Moines "We live in a complex world where simple answers seldom offer sustainable solutions. Success in rural America requires accelerating our focus on regeneration and protection of our natural resources. The supply-side policies currently selling our future for short term gain are a perfect example of a simple answer burdened with lasting and negative unintended consequences."-- Seth Watkins, Heritage Farm Owner, Pinhook Farm

Finance & Development, September 2014

Finance & Development, September 2014
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
Total Pages: 60
Release: 2014-08-25
Genre: Business & Economics
ISBN: 1475566980

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This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.

Supply Side Economics

Supply Side Economics
Author: Martin S. Feldstein
Publisher:
Total Pages: 24
Release: 1986
Genre: Supply-side economics
ISBN:

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This paper, prepared for the annual meetings of the American Economic Association, examines the claims that were made at the beginning of the decade by the "new" supply-siders and contrasts their views with the traditional supply-side economics that has been a prominent part of economics since Adam Smith. The analysis gives particular attention to the pace of recovery and growth and to the revenue effects of the 1981 tax cut.

Redefining Capitalism in Global Economic Development

Redefining Capitalism in Global Economic Development
Author: Kui-Wai Li
Publisher: Academic Press
Total Pages: 477
Release: 2017-06-07
Genre: Business & Economics
ISBN: 0128041978

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Redefining Capitalism in Global Economic Development reconsiders capitalism by taking into account the unfolding forces of economic globalization, especially in Asian economies. It explores the economic implications and consequences of recent financial crises, terrorism, ultra-low interest rates that are decades-long, debt-prone countries and countries with large trade surpluses. The book illuminates these economic implications and consequences through a framework of capitalist ideologies and concepts, recognizing that Asia is redefining capitalism today. The author, Li, seeks not to describe why nations fail, but how the sustainability of capitalism can save the world. Merges capitalist theory with global events, as few books do Emphasizes ways to interpret capitalist ideas in light of current global affairs Reframes capitalism via economics, supported by insights from political science, sociology, international relations and peace studies