A new discussion paper by Lanre Kassim, KDPE 1605, June 2016
Trade taxes are a major source of government revenue in Sub-Saharan Africa as these taxes are easier to administer compared to domestic taxes (See African Trade Policy, 2004). The advent of trade liberalisation, however, leads to a gradual decline in the revenue from trade taxes. If this drop in trade tax revenues is not offset by an increase in domestic tax revenues, then there is an inevitable decline in total tax revenues...
A new discussion paper by Miguel León-Ledesma and Alessio Moro, KDPE 1604, May 2016.
The possible tendency for the returns to investment in real capital to fall as economies develop has been a long-standing problem in Economics that already preoccupied classical economists. In standard models of economic growth, the concept of balanced growth path (BGP) implies that the real return on capital, the rate of growth of GDP, the capital-to-output, and investment-to-output ratios are all constant. In the data, this is consistent with the so-called “Kaldor stylized facts”. Models of growth that achieve BGP, thus, imply that the rate of return on capital is constant in the long run.
The economic adviser to HS2 Ltd, the company responsible for developing and promoting the UK’s new high-speed rail network, is to speak at The University of Nottingham on Monday 9 May 2016. Roger Vickerman , Dean for Europe and Professor of European Economics at the University of Kent, will discuss the future economic impact that HS2 could have on the East Midlands region.
The Kent School of Economics Spring term newsletter is now available on our website. We produce a newsletter at the end of the Autumn and Spring terms to highlight some of the events and research that have taken place in the School.
Child marriage is a global problem affecting 15 million girls every year. The practice severely limits their life choices, and there is a growing consensus within the international community that it has far-reaching consequences for the girls, their families and their communities. In 2014 the United Nations General Assembly passed a resolution asking all member states to pass and enforce laws banning child marriages. Some members have responded promptly to the call by adopting new laws to bring an end to child marriage.