BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Autor
Konopczyński Michał (Poznań University of Economics, Poland)
Tytuł
How Taxes and Spending on Education Influence Economic Growth in Poland
Źródło
Contemporary Economics, 2014, vol. 8, nr 3, s. 329-348, rys., tab., bibliogr. 22 poz.
Słowa kluczowe
Polityka fiskalna, Podatek dochodowy, Opodatkowanie, Podatek od wartości dodanej (VAT), Wzrost gospodarczy, Kapitał ludzki
Fiscal policy, Income tax, Taxation, Value Added Tax (VAT), Economic growth, Human capital
Uwagi
summ.
Abstrakt
This paper investigates the relationship between economic growth in Poland and four types of taxes and human capital investment. We primarily rely on an exogenous growth model that merges the Mankiw-Romer-Weil model, augmented with learning-by-doing and spillover-effects, with selected elements from the literature on optimal taxation. We demonstrate that in the period 2000- 2011, economic growth in Poland was primarily due to a rapid increase in the human capital stock (at a rate of 5% per annum) and only secondarily due to the accumulation of productive capital (2.7% annually). Simulations of tax cuts suggest that income taxes and consumption taxes restrict economic growth equally heavily. Simultaneously reducing all tax rates by 5 percentage points (pp) in Poland should increase annual GDP growth by approximately 0.4 pp. Increasing spending on education by 1 pp of GDP would increase the growth rate by approximately 0.3 pp. (original abstract)
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Acemoglu, D. (2008). Introduction to Modern Economic Growth. Princeton, NJ: Princeton University Press.
  2. Agenor, P. R. (2007). Fiscal policy and endogenous growth with public infrastructure. Oxford Economic Papers, 60 (1), 57-87.
  3. Arrazola, M., de Hevia, J. (2004). More on the estimation of the human capital depreciation rate. Applied Economic Letters, 11 (3), 145-148.
  4. Balistreri, E. J., McDaniel, C. A., Wong, E. V. (2003). An estimation of US industry-level capital-labor substitution elasticities: support for Cobb-Douglas. The North American Journal of Economics and Finance, 14 (3), 343-356.
  5. Barro, R. J. (1990). Government spending in a simple model of economic growth. Journal of Political Economy, 98 (5), 103-125.
  6. Barro, R. J., Sala-i-Martin, X. (2004). Economic Growth (2nd ed.). Cambrigde, MA: MIT Press.
  7. Campbell, J., Diamond, P., & Shoven, J. (2001). Estimating the Real Rate of Return on Stocks Over the Long Term. Social Security Advisory Board, Washington. Retrieved from: http://www.ssab.gov/publications/financing/estimated%20rate%20of%20return.pdf.
  8. Cichy, K. (2008). Kapitał ludzki i postęp techniczny jako determinanty wzrostu gospodarczego [Human capital and technological progress as determinants of economic growth]. Warsaw: Instytut Wiedzy i Innowacji.
  9. Dhont, T., Heylen, F. (2009). Employment and growth in Europe and the US - the role of fiscal policy composition. Oxford Economic Papers, 61 (3), 538-565.
  10. Elmendorf, D. W., Mankiw, N. G. (1998). Government Debt (Working Papers No. 6470). National Bureau of Economic Research.
  11. Eurostat (2010). Taxation trends in the European Union - Data for the EU Member States, Iceland and Norway. Luxembourg: Publications Office of the European Union. Retrieved from: http://ec.europa.eu/taxation_customs/resources/documents/taxation/gen_info/economic_analysis/tax_struc-tures/2010/2010_full_text_en.pdf.
  12. Gordon, K., Tchilinguirian, H. (1998). Marginal Effective Tax Rates on Physical, Human and R&D Capital (Working Papers No. ECO/WKP(98)12). OECD Economic Department.
  13. Heckman, J. J., Jacobs, B. (2010). Policies to Create and Destroy Human Capital in Europe (Working Papers No. 15742). National Bureau of Economic Research.
  14. Konopczyński, M. (2013). Fiscal policy within a common currency area - growth implications in the light of neoclassical theory, Contemporary Economics, 7 (3), 5-16.
  15. Lee, Y., Gordon, R. (2005). Tax structure and economic growth. Journal of Public Economics, 89 (5-6), 1027-1043.
  16. Mankiw, G. N., Romer, D., & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics, 107 (2), 407-437.
  17. Manuelli, R., Seshadri, A. (2005). Human Capital and the Wealth of Nations (Meeting Papers No. 56). Society for Economic Dynamics.
  18. Nehru, V., Dhareshwar, A. (1993). A new database on physical capital stock: sources, methodology and results. Revista de análisis económico, 8 (1), 37-59.
  19. Próchniak, M. (2013). To What Extent Is the Institutional Environment Responsible for Worldwide Differences in Economic Development. Contemporary Economics, 7(3), 17-38.
  20. Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94 (5), 1002- 1037.
  21. Turnovsky, S. J. (2009). Capital Accumulation and Economic Growth in a Small Open Economy. Cambridge, UK: Cambridge University Press.
  22. Willman A. (2002). Euro Area Production Function and Potential Output: A Supply Side System Approach (Working Papers No. 153). European Central Bank.
Cytowane przez
Pokaż
ISSN
2084-0845
Język
eng
URI / DOI
http://dx.doi.org/10.5709/ce.1897-9254.149
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu