I add intangible capital to a variant of the neoclassical growth model and study the implications of this extension for cross-country income differences. I calibrate the parameters associated with intangible capital by using new estimates of investment in intangibles by Corrado et al. [2006]. I find that the addition of intangible capital significantly improves the model’s ability to account fo...

When capital taxes are used to finance a public good, capital mobility reduces efficiency since it narrows the tax base. This motivates the concern that capital mobility might also interfere with unilateral efforts to provide the public good of environmental quality through pollution taxes. I show in this paper that capital mobility does not affect efficiency in a small open economy, even thoug...

Researchers have found a positive association between income inequality and poor individual health. To explain the link, researchers have hypothesized that income inequality erodes community social capital, which unleashes negative emotions, stress, and stress behaviors that hurt health. Few studies have tested the hypothesized path. Here we estimate the association between (a) village income i...

This paper studies demographic variation in social capital investment. A specific focus is the effect of income on social capital. Findings show that once the endogeneity of income is accounted for, it does not seem to have an independent effect on social capital investment.

This paper investigates the relationship between capital account openness and the share of labour in national income. Employing a new index of financial openness and a cross-country panel of labour shares available from the United Nations System of National Accounts, the author shows a robust negative correlation between the degree of openness and the labour share. Although this effect is not p...

intellectual capital is set of knowledge-based assets that belongs to an organization and will add value to key organizational stakeholders and this leads to a better competitive situation. the objective of this research is to investigate the relationship between intellectual capital and companies' performance in iran during 1382-1387 using lisrel software. earning per share, return on equ...

confirmation of convergence hypothesis among provinces, its role in removing divergence among regions and achieving regional convergence is one of the important issues in macroeconomics. the aim of the present study is to examine absolute and conditional income convergence hypotheses among iranian provinces during the period 2000-2010 using panel data. the hypotheses are tested for the whole pr...

According to conventional economic wisdom, capital income taxes should be low. The purpose of this paper is to cast doubt on this general conclusion and to show theft theory can also point in the opposite direction. The paper shows that under rather mild conditions, higher capital income taxes lead to faster growth in an overlapping generations economy with endogenous growth. Government expendi...