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Effects of Patent Protection on Optimal Corporate Income and Consumption Taxes in an R&D-Based Growth Model.

Does reducing the corporate income tax accompanied by an increase in the consumption tax to meet the government's budget constraint improve welfare? To respond, we examine the welfare-maximizing corporate income tax and consumption tax rates in an R&D-based growth model under the constraint that the...

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Published in:Southern Economic Journal Vol. 83; no. 2; pp. 590 - 609
Main Author: Iwaisako, Tatsuro
Format: Article
Published: Wiley-Blackwell Oct2016
Subjects:
Consumption (Economics)
Economic development
Technological innovations
Economic models
Corporate taxes
Tax rates
Research & development
Online Access:View this record in EBSCOhost