Titel: Capital taxation, investment, growth, and welfare
Autor/-in: Boesenberg, Simon
Egger, Peter
Zoller-Rydzek, Benedikt
et. al: No
Erschienen in: International tax and public finance
Band(Heft): 25
Heft: 2
Seiten: 325
Seiten bis: 376
Verlag / Hrsg. Institution: Springer
Erscheinungsdatum: 24-Jul-2017
Lizenz (gemäss Verlagsvertrag): Lizenz gemäss Verlagsvertrag
Art der Begutachtung: Peer review (Publikation)
Sprache: Englisch
Fachgebiet (DDC): 330: Wirtschaft
Zusammenfassung: This paper formulates a model of economic growth to study the effects of broad capital taxation (of profits, dividends, and capital gains) on macroeconomic outcomes in small open economies. A framework of exogenous growth permits modeling countries in transition to a country-specific steady state and to discern steady-state and transitory effects of shocks on economic outcomes. The chosen framework is amenable to structural estimation and, in view of the parsimony of the model, fits data on 79 countries over the period 1996–2011 well. The counterfactual analysis based on the estimated model suggests that capital-tax reductions induce positive effects on output and the capital stock (per unit of effective labor) that are economically significant and are accommodated within time windows of 5 years without much further economic response after that. The responses of economic aggregates are found to be relatively strongest to changes in corporate-profit-tax rates and weaker for dividend and capital-gains taxes.
Departement: School of Management and Law
Organisationseinheit: International Management Institute (IMI)
Publikationstyp: Beitrag in wissenschaftlicher Zeitschrift
DOI: 10.1007/s10797-017-9454-3
ISSN: 0927-5940
URI: https://digitalcollection.zhaw.ch/handle/11475/17553
Enthalten in den Sammlungen:Publikationen School of Management and Law

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