Optimal factor taxation in a scale free model of vertical innovation.
The objective of the paper is to study how the tax burden arising from an exogenous stream of public expenditures and transfers should be distributed between labor and capital in a scale‐less endogenous growth model, where the engine of growth are successful innovations. Our laboratory is a prototyp...
| Publicado en: | Economic Inquiry Vol. 60; no. 2; pp. 794 - 831 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2022
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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=155474544&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 155474544 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Apr2022 vid: 60 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 155474544 10.1111/ecin.13033 ppf: 794 ppct: 37 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 1.1MB tig: atl: Optimal factor taxation in a scale free model of vertical innovation. aug: au: Annicchiarico, Barbara Antonaroli, Valentina Pelloni, Alessandra affil: Department of Economics and Finance, University of Rome "Tor Vergata", Roma, Italy Central Bank of Malta, Valletta, Malta su: Public spending Optimal taxation Models & modelmaking Tax incidence Capital levy sug: subj: Public spending Public Finance Activities Optimal taxation Models & modelmaking Tax incidence Capital levy keyword: capital income taxation endogenous growth scale effects welfare effect capital income taxation endogenous growth scale effects welfare effect ab: The objective of the paper is to study how the tax burden arising from an exogenous stream of public expenditures and transfers should be distributed between labor and capital in a scale‐less endogenous growth model, where the engine of growth are successful innovations. Our laboratory is a prototypical quality ladder model with a labor/leisure choice where research and development productivity is decreasing in the size of the economy. Our contribution is to show that even when labor supply has no effects on growth in the long run, it will still be optimal to tax capital for reasonable parametrizations of the model. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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