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<!-- you can have any number of categories here --> [[Category:Dietrich Vollrath]] [[Category:Taxes And Growth]] [[Category:Economic Reforms]] <!-- 1 URL must be followed by >= 0 Other URL and Old URL and 1 End URL.--> {{URL | url = https://growthecon.com/blog/Converge-Reform/}} <!-- {{Other URL | url = }} --> <!-- {{Old URL | url = }} --> {{End URL}} {{DES | des = Short answer: no. Academic discussions of why tax cuts and other measures will not increase growth. One implication: tax increases will not decrease growth, because we've experienced higher taxes in the past during high-growth periods. | show=}} <!-- insert wiki page text here --> <!-- DPL has problems with categories that have a single quote in them. Use these explicit workarounds. --> <!-- otherwise, we would use {{Links}} and {{Quotes}} --> {{List|title=Can you reform your way to higher growth?|links=true}} {{Quotations|title=Can you reform your way to higher growth?|quotes=true}} {{Text | There are a lot of plausible policy changes that could raise the potential GDP of the U.S. (or many other countries). Whether those policy changes would lead to an appreciable change in growth rates is unclear, because the force that pushes economies towards a balanced growth path - convergence - operates very slowly. Then again, who says that a balanced growth path even exists? Blog Posts 2017-05-02 Sigh....No, tax cuts won't boost growth 2016-09-07 Balanced growth in theory 2016-09-06 Is there evidence of balanced growth? 2016-05-15 Can we get rich by "Doing Business" better? 2016-02-27 How to Accelerate Growth Rates 2015-11-04 Tyler, Noah, and Bob walk into a Chinese bar... 2015-07-22 You Can't Reform Your Way to Rapid Growth 2015-04-15 Growth Effects, Level Effects, and Transitional Growth 2014-12-18 Mean-Reversion in Growth Rates and Convergence 2014-12-08 The Limited Effect of Reforms on Growth 2014-12-03 [insert policy here] Won't Boost Growth Rates 2014-09-12 Taxes and Growth External Links 2017 Noah Smith Still seeking growth from tax cuts and union busting 2017 Noah Smith Tax cuts don't work the way free marketers expect 2015 Menzie Chinn The information content of the ALEC-Laffer-Moore-Williams economic outlook ranking Academic References Barro, R. J. and Sala-i-Martin, X. (1992) “Convergence,” Journal of Political Economy, 100(2), pp. 223–251. Available at: Link. Abstract Barro, R. J. (2016) “Economic Growth and Convergence: Applied to China,” China & World Economy, 24(5), pp. 5–19. doi: 10.1111/cwe.12172. Barro, R. J. and Sala-i-Martin, X. (1991) “Convergence across States and Regions,” Brookings Papers on Economic Activity, 22(1), pp. 107–182. Available at: Link. Abstract Jones, C. I. (2002) “Sources of U.S. Economic Growth in a World of Ideas,” American Economic Review, 92(1), pp. 220–239. Abstract Sala-i-Martin, X. X. (1996) “The Classical Approach to Convergence Analysis,” Economic Journal, 106(437), pp. 1019–1036. Available at: Link. Abstract Solow, R. M. (1956) “A Contribution to the Theory of Economic Growth,” The Quarterly Journal of Economics. Oxford University Press, 70(1), pp. pp. 65–94. Available at: Link. Abstract Tabarrok, A. and Goldschlag, N. (2015) Is Regulation to Blame for the Decline in American Entrepreneurship? 15-11. George Mason University Working Paper. Available at: Link#. }}
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