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Finanspolitik och Ekonomisk tillväxt - En simulering av Spaniens BNP och statsskuldsutveckling 2012-2080

Gunnarsson, Evelina LU (2013) NEKH01 20122
Department of Economics
Abstract
Spain has in recent years suffered a deep recession with very low growth rates and a growing public debt. The country has in 2012 taken several fiscal measures in order to help overcome its crisis and reduce the public debt. The objective of this study is to analyze some of these changes; tax rises and spending cuts and the increased taxes I have chosen to analyze are the income tax, capital gains tax and the VAT. The research will take form as a simulation that will reflect Spain's economic development in a growth perspective with respect to the public debt. The simulations are based on a growth model in which real capital, government spending, technology, labour and human capital in production is production-enhancing factors. Overall, it... (More)
Spain has in recent years suffered a deep recession with very low growth rates and a growing public debt. The country has in 2012 taken several fiscal measures in order to help overcome its crisis and reduce the public debt. The objective of this study is to analyze some of these changes; tax rises and spending cuts and the increased taxes I have chosen to analyze are the income tax, capital gains tax and the VAT. The research will take form as a simulation that will reflect Spain's economic development in a growth perspective with respect to the public debt. The simulations are based on a growth model in which real capital, government spending, technology, labour and human capital in production is production-enhancing factors. Overall, it appears that small changes in the fiscal policy has little effect on the long- term economic growth but is crucial for the development of the public debt. I will discuss which taxes most inhibits the growth, where my conclusion will be that income tax is the one that has the most negative effect. (Less)
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author
Gunnarsson, Evelina LU
supervisor
organization
course
NEKH01 20122
year
type
M2 - Bachelor Degree
subject
keywords
Spain, Economic Growth, public debt, fiscal policy, tax policy, government expenditure, steady state
language
Swedish
id
3450652
date added to LUP
2013-02-13 16:02:50
date last changed
2013-02-13 16:02:50
@misc{3450652,
  abstract     = {Spain has in recent years suffered a deep recession with very low growth rates and a growing public debt. The country has in 2012 taken several fiscal measures in order to help overcome its crisis and reduce the public debt. The objective of this study is to analyze some of these changes; tax rises and spending cuts and the increased taxes I have chosen to analyze are the income tax, capital gains tax and the VAT. The research will take form as a simulation that will reflect Spain's economic development in a growth perspective with respect to the public debt. The simulations are based on a growth model in which real capital, government spending, technology, labour and human capital in production is production-enhancing factors. Overall, it appears that small changes in the fiscal policy has little effect on the long- term economic growth but is crucial for the development of the public debt. I will discuss which taxes most inhibits the growth, where my conclusion will be that income tax is the one that has the most negative effect.},
  author       = {Gunnarsson, Evelina},
  keyword      = {Spain,Economic Growth,public debt,fiscal policy,tax policy,government expenditure,steady state},
  language     = {swe},
  note         = {Student Paper},
  title        = {Finanspolitik och Ekonomisk tillväxt - En simulering av Spaniens BNP och statsskuldsutveckling 2012-2080},
  year         = {2013},
}