Arbeitspapier
Endogenous Growth, Asymmetric Trade and Resource Taxation
Since 1980, the aggregate income of oil-exporting countries relative to that of oil- poor countries has been remarkably constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where resource- poor (Home) and resource-rich (Foreign) economies display productivity differences but stable income shares due to terms-of-trade dynamics. We show that Home's income share is positively related to the national tax on domestic resource use, a prediction confirmed by dynamic panel estimations for sixteen oil-poor economies. National governments have incentives to deviate from both efficient and laissez-faire allocations. In Home, increasing the oil tax improves welfare through a rent-transfer mechanism. In Foreign, subsidies (taxes) on domestic oil use improve welfare if R&D productivity is lower (higher) than in Home.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Working Paper Series ; No. 10/132
- Klassifikation
-
Wirtschaft
Economic Growth of Open Economies
Economic Growth and Aggregate Productivity: General
- Thema
-
Endogenous Growth
Exhaustible Resources
International Trade
Erschöpfbare Ressourcen
Rohstoffsteuer
Wirtschaftswachstum
Zwei-Länder-Modell
Endogenes Wachstumsmodell
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bretschger, Lucas
Valente, Simone
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, CER-ETH - Center of Economic Research
- (wo)
-
Zurich
- (wann)
-
2010
- DOI
-
doi:10.3929/ethz-a-006145107
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bretschger, Lucas
- Valente, Simone
- ETH Zurich, CER-ETH - Center of Economic Research
Entstanden
- 2010
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