Arbeitspapier
Factor income taxation, growth, and investment specific technological change
We construct a tractable endogenous growth model with production externalities in which the public capital stock augments investment specific technological change. We characterize the first best fiscal policy and show that there exist several labor and capital tax-subsidy combinations that decentralize the planner's growth rate. The optimal factor income tax mix is therefore indeterminate which gives the planner the flexibility to choose policy rules from a large set. Our model explains why many advanced economies experiencing similar growth rates have widely varying factor income tax rates.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 264
- Klassifikation
-
Wirtschaft
- Thema
-
Investment Specific Technological Change
Endogenous Growth
Factor Income Taxation
Welfare
First best fiscal policy
Indeterminacy
Endogenes Wachstumsmodell
Wirtschaftswachstum
Einkommensteuer
Optimale Besteuerung
Wohlfahrtsanalyse
Endogenes Wachstumsmodell
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bishnu, Monisankar
Ghate, Chetan
Gopalakrishnan, Pawan
- Ereignis
-
Veröffentlichung
- (wer)
-
Indian Council for Research on International Economic Relations (ICRIER)
- (wo)
-
New Delhi
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bishnu, Monisankar
- Ghate, Chetan
- Gopalakrishnan, Pawan
- Indian Council for Research on International Economic Relations (ICRIER)
Entstanden
- 2013
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