Tax Policy Implications in Endogenous Growth Models
Summary:
This paper surveys the tax policy implications in various endogenous growth models. The focus is on the long-run growth effects of income, consumption, and investment taxation in models whose engine of growth is the accumulation of human capital, technological innovation, and/or public infrastructure. The results depend on model specifications. This paper also reviews quantitative results from cross-country regressions and simulations, and indicates some statistical and methodological problems to which they are subject. Tax policy implications in endogenous growth models both with tax policy endogenously determined by a political process and with international capital mobility are also discussed.
Series:
Working Paper No. 1994/038
Subject:
Consumption Human capital Income Income tax systems Labor National accounts Revenue administration Taxes
English
Publication Date:
March 1, 1994
ISBN/ISSN:
9781451977554/1018-5941
Stock No:
WPIEA0381994
Pages:
40
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