Finanspolitik och Ekonomisk tillväxt - En simulering av Spaniens BNP och statsskuldsutveckling 2012-2080

Sammanfattning: Spain has in recent years suffered a deep recession with very low growth rates and a growing public debt. The country has in 2012 taken several fiscal measures in order to help overcome its crisis and reduce the public debt. The objective of this study is to analyze some of these changes; tax rises and spending cuts and the increased taxes I have chosen to analyze are the income tax, capital gains tax and the VAT. The research will take form as a simulation that will reflect Spain's economic development in a growth perspective with respect to the public debt. The simulations are based on a growth model in which real capital, government spending, technology, labour and human capital in production is production-enhancing factors. Overall, it appears that small changes in the fiscal policy has little effect on the long- term economic growth but is crucial for the development of the public debt. I will discuss which taxes most inhibits the growth, where my conclusion will be that income tax is the one that has the most negative effect.