The article presents an analysis of the macro-economic effects of increasing revenue through three different tax instruments, namely, a carbon tax, a lump sum tax and taxes on income, in Ireland. According to the results, an increase in taxes on income would result in the reduction of gross...
its half-million inhabitants have to live with the pollution,traffic jam,and crime caused by 11 million visitors a year.Now there is talk about how to solve these problems,like raising hotel taxes,or even changing admission to some public squares.The idea is to discourage at least some ...
Inflation is a highly controversial term which has undergone modification since it was first defined by the neo-classical economists. They meant by it a galloping rise in prices as a result of the excessive increase in the quantity of money. They regarded it “as a destroying disease born ou...
A two-sector general equilibrium model assesses the economic, stock conservation, and welfare implications of implementing export and import taxes on renewable resource commodities. The study reveals that resource-exporting countries’ enforcement of resource export taxes can yield a triple win, contingent...
Nowthere's talk about how to solve these problems, like raising hotel taxes, or even charging admission to some public squares.4Developing tourism with cautionFor many poorer countries, tourism may still offer the best hope for developmen. The Vietnamese are doing their bestto open up their ...
What are the effects of raising the minimum wage? How do economists know what the minimum wage should be?Minimum Wage:Minimum wage refers to the lowest wage, which is permitted by the law in an economy. Minimum wage varies among countries with the third wo...
What would be the effect of the elimination of payroll taxes on worker wages? What are some negative effects of price discrimination? What is the impact of an income tax (wage plus investment income) on labor supply? What are the short-run and the long-run effects of immigration on the ...
The U.S. government continues to spend more than its revenue in order to offer services and expand public programs that voters want. By increasing spending, it avoids raising taxes. What Effect Does a Deficit Have on the Economy? Some economists argue that government spending revives and drives...
The government can work to cut back the budget deficit by using its fiscal policy toolbox to promote economic growth, such as scaling back government spending and raising taxes. What Causes a Budget Deficit to Improve? Budget deficits, reflected as a percentage ofGDP, may decrease in times of...
As the history of recessions over the past century or so suggests, they're almost always preceded by monetary policy tightening in the form of rising interest rates. Fiscal contractions, whether they involve lower government spending, higher taxes, or both, have also played a role. ...