Tax policy implications for a two‐engine growing economy.

In an endogenous growth model with two engines of R&D and capital, we investigate the environment of "inclusive growth" for tax reallocations (tax increases or tax credits) to gain broader benefits in terms of promoting the overall GDP growth without an increase in income inequality. Our results sho...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 87; no. 3; pp. 979 - 1010
Main Authors:	Wang, Wei‐Neng, Liu, Chia‐Ying, Chang, Juin‐Jen
Format:	Article
Published:	Wiley-Blackwell Jan2021
Subjects:	Fiscal policy Taxation Income inequality Tax credits Tax rates
Online Access:	View this record in EBSCOhost