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Optimal tax, debt, and expenditure policies in a growing economy

Article Abstract:

The impact of consumption tax on economic growth and welfare is analyzed using an endogenous growth model. It is noted that since government spending directly influences both the consumption and production decisions of private agents, the government can only replicate the first-best optimum by using two fiscal tools, one for correcting the distortion and the other for generating funding for government spending. The results indicate that consumption tax can be a potentially valuable component of an optimal fiscal package.

Economic development, Public finance, Government spending policy, Consumption taxes

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Alternative tax regimes in a local public good economy

Article Abstract:

Two specifications of a simple general equilibrium model of a local public goods economy with median voters setting tax-expenditure package in each location arepresented. Property tax and local income tax are compared within the specifications of the model. It is shown that price, income, utility level and allocation of individuals across jurisdictions are dependent on the tax regime used.

Evaluation, Taxation, Tax expenditures

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Locational choice of AFDC recipients within California: a conditional logit analysis

Article Abstract:

The conditional logit model is used to analyze the influence of cost adjusted Aid to Families with Dependent Children (AFDC) benefits on recipients' decisions to move across counties of California. The conditional logit model also allows estimation of the effects of benefits on migratory propensities and locational choice.

California, Aid to families with dependent children

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