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Abstract

This paper investigates the linkages between economic growth and fiscal policy under perfect capital mobility. The model incorporates wide range of fiscal policy instruments: the budget deficit, the structure of public debt, public expenditures on education, public consumption, and four tax rates. We prove that two tax rates - on consumption and interest on government bonds held by domestic lenders - are neutral for economic growth: both for the balanced growth path (BGP), and for transitory dynamics. All other parameters of fiscal policy are not neutral. Theoretical results are illustrated with an empirical analysis for Poland based on post-global financial crisis data for the Polish economy (2009-2018). Numerical simulations show that if fiscal policy remains unchanged, Polish economy will converge to the BGP with GDP growing at 2.3%. The best way to accelerate growth is to increase public investment in education. The other budgetary policy instruments are less effective in shaping economic growth.
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Authors and Affiliations

Michał Konopczyński
1

  1. Poznań University of Economics, Poland
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Abstract

For Peter F. Strawson, transcendental arguments were an important part of his philosophical method, referred to as a connective analysis. Both Strawson and his critical commentators have devoted a lot of effort to determining the nature, scope and purpose of those arguments. In this text, I intend, first of all, to reconstruct and characterize the basic elements of transcendental argumentation, specifying its general form, features and purpose. Secondly, I reconstruct some of the most representative examples of this argumentation. Thirdly, I refer to the basic objections against transcendental arguments formulated in the literature. Finally, I point to a few peculiarities in those arguments, commonly omitted by commentators and interpreters. The overall message of the paper is moderately positive: transcendental arguments are a legitimate way of reasoning in philosophy, and in particular, they constitute a comprehensible and well-founded part of Strawson’s connective analysis.

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Authors and Affiliations

Mariusz Grygianiec

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