Advertisement

Supply-side policies in four OECD countries

  • Anthonie Knoester
Part of the International Studies In Economic Modelling book series (ISIM)

Abstract

A key message of supply-side economics is that tax cuts could be a major help in increasing economic growth and lowering unemployment. However, up till now, there are hardly any quantitative foundations for such policy recommendations. This forms a serious limitation for the credibility of supply-side economics.

Keywords

Gross Domestic Product Wage Rate Inflation Rate Real Wage Public Spending 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Bartlett, B. and Roth, T. P. (1983) The Supply-Side Solution, Macmillan, London.Google Scholar
  2. Brandsma, A. S. and Windt, N. van der (1983) Wage bargaining and the Phillips-curve: a macroeconomic view. Applied Economics, 15, No. 1, February, 61–71.CrossRefGoogle Scholar
  3. Corden, W. M. (1981) Taxation, real wage rigidity and employment. The Economic Journal, 91, No. 362, June, 309–30.CrossRefGoogle Scholar
  4. Dicks-Mireaux, L. A. and Dow, J. C. R. (1959) The determinants of wage inflation: United Kingdom, 1946–56. Journal of the Royal Statistical Society, Series A, 122, Part 2,145–74.Google Scholar
  5. Dreze, J. H. and Modigliani, F. (1981) The trade-off between real wages and employment in an open economy (Belgium). European Economic Review, 15, No. 1, January, 1–40.CrossRefGoogle Scholar
  6. Eckstein, O. and Fromm, G. (1968) The price equation, American Economic Review, 58, 1159–83.Google Scholar
  7. Haavelmo, T. (1945) Multiplier effects of a balanced budget. Econometrica, 13, 311–8.CrossRefGoogle Scholar
  8. Hartog, H. den and Tjan, H. S. (1976) Investments, wages, prices and demand for labour; a clay-clay vintage model for the Netherlands. De Economist, 124, No. 1/2, 32–55.CrossRefGoogle Scholar
  9. Johnston, J. (1974) A model of wage determination under bilateral monopoly, in Inflation and Labour Markets (eds D. Laidler and D. L. Purdy), Manchester University Press, 61–78.Google Scholar
  10. Johnston, J. and Timbrell, M. (1973) Empirical tests of a bargaining theory of wage rate determination. The Manchester School of Economic and Social Studies, 41, No. 2, June, 141–167.CrossRefGoogle Scholar
  11. Klein, L. R. (1978) The supply-side. American Economic Review, 68, 1–7.Google Scholar
  12. Knoester, A. (1983) Stagnation and the inverted haavelmo effect: some international evidence. De Economist, 131, No. 4, 548–84.CrossRefGoogle Scholar
  13. Knoester, A. (1984) Negative consequences of public sector expansion in the US and Europe, Occasional paper, November, American Enterprise Institute for Public Policy Research, Washington, DC.Google Scholar
  14. Knoester, A. and Van Sinderen, J. (1984) A simple way of determining the supply side in macroeconomic models. Economic Letters, 16, Nos 1–2, 83–91.CrossRefGoogle Scholar
  15. Knoester, A. and Van der Windt, N. (1985) Real wages and taxation in ten OECD countries, Discussion paper 8501 G/M, Institute for Economic Research, Erasmus University, Rotterdam. A revised version of this paper has been published in Oxford Bulletin of Economics and Statistics, 49 (1), 151–69, 1987.Google Scholar
  16. Malinvaud, E. (1977) The Theory of Unemployment Reconsidered Basil Blackwell, Oxford.Google Scholar
  17. OECD. (1978) Public Expenditure Trends, Paris.Google Scholar
  18. Phillips, A. W. (1958) The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861—1957. Economica, 25, No. 100, November, 283–99.Google Scholar
  19. Tinbergen, J. (1982) De noodzaak van een synthese. Economisch Statistische Berichten, 67 1284–5.Google Scholar
  20. Tobin, J. (1981) Comment on Albert Ando: On a theoretical and empirical basis of macroeconomic models, in Large-scale macroeconometric models (eds J. Kmenta and J. B. Ramsey), North-Holland, Amsterdam, pp. 391–2.Google Scholar
  21. Zeuthen, F. (1930) Problems of Monopoly and Economic Warfare George Routledge & Sons, LondonGoogle Scholar

Copyright information

© Chapman and Hall Ltd 1988

Authors and Affiliations

  • Anthonie Knoester

There are no affiliations available

Personalised recommendations