Arbeitspapier
Capital income taxation and specialization patterns: Investment tax vs. saving tax
Unless free international lending/borrowing is allowed, domestic saving equals domestic investment and hence saving and investment taxes have the identical effect, as is the case in a closed-economy context. However, if it is allowed, households can accumulate foreign assets besides domestic capital and hence saving and investment are separated, causing the two taxes to have different effects. Using a two-sector growth model, we show that the two taxes generate completely different effects on industrial structure. The investment tax always shrinks the capital-intensive sector whereas the saving tax may well expand it.
- Language
-
Englisch
- Bibliographic citation
-
Series: ISER Discussion Paper ; No. 649
- Classification
-
Wirtschaft
Open Economy Macroeconomics
Fiscal Policy
- Subject
-
saving tax
investment tax
two-sector growth model
industrial structure
financial asset trade
Kapitalertragsteuer
Kapitalmobilität
Steuer
Mehr-Sektoren-Modell
Neue Wachstumstheorie
- Event
-
Geistige Schöpfung
- (who)
-
Ono, Yoshiyasu
Shibata, Akihisa
- Event
-
Veröffentlichung
- (who)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (where)
-
Osaka
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ono, Yoshiyasu
- Shibata, Akihisa
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2006
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