Artikel
Tax shocks, sunspots and tax evasion
This paper shows that an increase in corporate/labor/income tax rates may push an economy with tax evasion into an expansionary pattern, under increasing returns to scale. These effects would be reversed when the steady state is saddle-path stable. This model does not undertake a full identification. The interesting feature of our results is that fiscal policy in an economy with a significant underground sector may provide inadvisable outcomes. Thus, tax policies can generate counterproductive results in an economy characterized by existence of aggregate increasing returns to scale and underground activities.
- Sprache
-
Englisch
- Erschienen in
-
Journal: The Open Economics Journal ; ISSN: 1874-9194h ; Volume: 3 ; Year: 2010 ; Pages: 14-24 ; Sharjah: Bentham Open
- Klassifikation
-
Wirtschaft
- Thema
-
dynamic general equilibrium models
fiscal policy
tax evasion and underground activities
indeterminacy and sunspots
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Busato, Francesco
Chiarini, Bruno
Marchetti, Enrico
- Ereignis
-
Veröffentlichung
- (wer)
-
Bentham Open
- (wo)
-
Sharjah
- (wann)
-
2010
- DOI
-
doi:10.2174/1874919401003010014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Busato, Francesco
- Chiarini, Bruno
- Marchetti, Enrico
- Bentham Open
Entstanden
- 2010