Traditionally the economic discussion of tax structure and public spending has looked at the impact on the economy’s efficiency in using resources. However recently there has been increasing evidence that growth may be ‘endogenous’ (i.e. the result of people’s choices, and therefore potentially influenced by policy) rather than ‘exogenous’ (i.e. given by external forces over which policy has no identifiable influence).
Read the full blog post hereSource: http://www.iea.org.uk/blog/growth-and-taxes-%E2%80%93-the-evidence
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