A Paradigm Shift in the Laffer Curve: Rethinking Fiscal Elasticity in Post-Globalization Economies
Keywords:
Laffer Curve, fiscal elasticity, econometric model, post-globalization, tax policy, economic productivity, revenue optimizationAbstract
In recent years, the dynamics of fiscal policy have necessitated a re-evaluation of the Laffer Curve's elasticity, particularly amidst post-globalization economic architectures. This study employs a hybrid econometric model to dissect fiscal elasticity, revealing nuanced insights into taxation's impact on economic productivity. Our findings challenge the conventional fixed assumptions, offering a recalibrated model that enhances policy-making efficacy in complex economies.
References
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