Arbeitspapier

Political institutions and the governmental burden on businesses

Businesses are "burdened" by government through corporate taxes and bureaucratic procedures. We interpret these two channels as tools for raising revenue and study, theoretically and empirically, how different political institutions rely on these tools. We establish two stylized facts: the degree of democracy has inverted-U relationships with both the bureaucratic and tax burdens. We match these facts with a dynamic political-economic model of fiscal policy where revenues are raised through the burden on businesses and the returns to public capital, and where the degree of democracy is modeled as the limit on the appropriation of capital by misbehaving politicians.

Sprache
Englisch

Erschienen in
Series: AEI Economics Working Paper ; No. 2016-15

Klassifikation
Wirtschaft
Thema
Regulation
corporate taxes
business
bureaucracy
institutions

Ereignis
Geistige Schöpfung
(wer)
Zhong, Weifeng
Zhong, Ruiqing
Ereignis
Veröffentlichung
(wer)
American Enterprise Institute (AEI)
(wo)
Washington, DC
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Zhong, Weifeng
  • Zhong, Ruiqing
  • American Enterprise Institute (AEI)

Entstanden

  • 2018

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