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A note on capolupo's ‘output taxation, human capital and growth’

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  • Antonio Minniti

Abstract

This note intends to show that the solution of Capolupo's model (‘Output Taxation, Human Capital and Growth’, The Manchester School, Vol. 68, 2000, No. 2, pp. 166–183) is not satisfactory for two reasons: first it is possible to tackle the question of optimal taxation in the steady state analytically without applying numerical simulations; second I highlight a mistake of the author which crucially affects the paper's result.

Suggested Citation

  • Antonio Minniti, 2004. "A note on capolupo's ‘output taxation, human capital and growth’," Manchester School, University of Manchester, vol. 72(3), pages 414-421, June.
    • Handle: RePEc:bla:manchs:v:72:y:2004:i:3:p:414-421
    DOI: 10.1111/j.1467-9957.2004.00400.x
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    References listed on IDEAS

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    1. King, Robert G & Rebelo, Sergio, 1990. "Public Policy and Economic Growth: Developing Neoclassical Implications," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 126-150, October.
    2. Capolupo, Rosa, 2000. "Output Taxation, Human Capital and Growth," Manchester School, University of Manchester, vol. 68(2), pages 166-183, March.
    3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    4. Rosa Capolupo, 2000. "Output Taxation, Human Capital and Growth," Manchester School, University of Manchester, vol. 68(2), pages 166-183, March.
    5. Jones, Larry E & Manuelli, Rodolfo E & Rossi, Peter E, 1993. "Optimal Taxation in Models of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 485-517, June.
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