Tax-Adjusted q Model with Intangible Assets: Theory and Evidence from Temporary Investment Tax Incentives.
We propose a tax-adjusted q model with physical and intangible assets and estimate the effect of bonus depreciation in the United States in the early 2000s. We find that investment responds moderately to tax incentives, but allowing for heterogeneity reveals that intangible-intensive firms respond m...
| Publicado en: | Southern Economic Journal Vol. 83; no. 4; pp. 972 - 993 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2017
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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=122381720&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 122381720 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: Apr2017 vid: 83 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 122381720 10.1002/soej.12203 ppf: 972 ppct: 21 formats: fmt: – @attributes: type: T – @attributes: type: P size: 163KB tig: atl: Tax-Adjusted q Model with Intangible Assets: Theory and Evidence from Temporary Investment Tax Incentives. aug: au: Chen, Sophia Dauchy, Estelle P. affil: International Monetary Fund, 700 19th St NW, Washington, DC 20431, USA Campaign for Tobacco-Free Kids, 1400 I (Eye) Street NW, Suite 1200, Washington, DC 20005, USA su: United States Taxation Property Tax incentives Intangible property sug: subj: Taxation Property United States Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Public Finance Activities Tax incentives Intangible property keyword: E01 G31 H25 E01 G31 H25 ab: We propose a tax-adjusted q model with physical and intangible assets and estimate the effect of bonus depreciation in the United States in the early 2000s. We find that investment responds moderately to tax incentives, but allowing for heterogeneity reveals that intangible-intensive firms respond more than physical-intensive firms and that this difference is accentuated among large firms. Accounting for intangible assets increases the estimated total investment response from 3.7 to 14.3% of aggregate investment in 2000 among the largest 500 firms. Our results suggest that understanding the behavior of large and intangible-intensive firms matters for investment policy. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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