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...
| Publicado en: | Southern Economic Journal Vol. 83; no. 2; pp. 590 - 609 |
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| Formato: | Artículo |
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Wiley-Blackwell
Oct2016
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=119027543&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 119027543 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Oct2016 vid: 83 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 119027543 10.1002/soej.12161 ppf: 590 ppct: 19 formats: fmt: – @attributes: type: T – @attributes: type: P size: 338KB tig: atl: Effects of Patent Protection on Optimal Corporate Income and Consumption Taxes in an R&D-Based Growth Model. aug: au: Iwaisako, Tatsuro affil: Graduate School of Economics, Osaka University, 1-7 Machikaneyama, Toyonaka su: Consumption (Economics) Economic development Technological innovations Economic models Corporate taxes Tax rates Research & development sug: subj: Consumption (Economics) Economic development Technological innovations Economic models Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology) Research and Development in Biotechnology Corporate taxes Tax rates Research & development keyword: O34 O38 O40 O34 O38 O40 ab: 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 government's budget is balanced at each point of time. Further, we consider how welfare-maximizing tax rates change as patent protection becomes stronger, as seen in many countries. The results show that as patent protection becomes stronger, the corporate income tax rate should be higher and the consumption tax rate should be lower. This implies that under stronger patent protection, recovering production at the expense of innovation by raising corporate income tax and reducing consumption tax improves welfare. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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