Tax Policy in the Context of Economic Growth and Development

Mirela Niculae () and Sorin Adrian Ciupitu ()
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Mirela Niculae: Dimitrie Cantemir Christian University
Sorin Adrian Ciupitu: Dimitrie Cantemir Christian University

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2013, vol. 3, issue 1, 191-194

Abstract: The purpose of this study is to identify in the specific literature the influence of fiscal policy in the context of economic growth and development. There are also presented, in a brief summary, the main macroeconomic approaches of the concept of tax policy. However, there are other models that describe the expansionist fiscal policy influence on consumption, such as: Corsetti's theory and others (2009) explain that the increase in public expenditure will not necessarily be funded by increasing taxes and Blinder's theory (2004) shows that temporary tax decreases tend to generate the current consumption growth because consumers want to maximize the current consumption at the expense of future consumption. Besides, the influence of fiscal adjustment on growth and economic development also appears in context.

Keywords: Economic growth; economic development; fiscal policy; expansive fiscal policy; restrictive fiscal policy; fiscal consolidation; fiscal adjustment (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:3:y:2013:i:1:p:191-194

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