Trade and Tax Reforms in a Cash-in-Advance Economy
AbstractThis paper investigates the determinants of longevity at a macroeconomic level, emphasizing the important role played by education. To analyze the determinants of longevity, we build a model where households intentionally invest in health and education, and where education exerts external effects on longevity. Performing an empirical analysis using data across 71 countries, we find that society’s tertiary education attainment rate is important for longevity, in addition to any role that basic education plays for life expectancy at the individual level. This finding uncovers a key externality of education, consistent with the theoretical hypothesis advanced in our macroeconomic model.
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Bibliographic InfoPaper provided by University of Cyprus Department of Economics in its series University of Cyprus Working Papers in Economics with number 1-2009.
Length: 19 pages
Date of creation: Apr 2009
Date of revision:
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Web page: http://www.econ.ucy.ac.cy
Tariff reform; Tax reform; Cash-in-Advance Constraint;
Other versions of this item:
- Theodore Palivos & Nikos Tsakiris, 2011. "Trade and Tax Reforms in a Cash-in-Advance Economy," Southern Economic Journal, Southern Economic Association, vol. 77(4), pages 1014-1032, April.
- Theodore Palivos & Nikos Tsakiris, 2010. "Trade and Tax Reforms in a Cash-in-Advance Economy," Discussion Paper Series 2010_07, Department of Economics, University of Macedonia, revised Apr 2010.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-16 (All new papers)
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