International and Intergenerational Aspects of Capital Income Taxation in an Endogenously Growing World Economy
AbstractThis paper discusses how capital income taxation affects economic growth and welfare in an endogenously growing world economy with perfect capital mobility and worldwide externalities. Worldwide externalities provide a mechanism for equalizing national growth rates even with different capital income tax rates. The welfare of future generations is more influenced by a change in the growth rate than by the international spillover effect, which has been the primary concern of the previous studies. Moreover, our model finds intergenerational conflicts arising from the change in the growth rate caused by a change in the source tax rate of the foreign country. Copyright � 2008 The Authors.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of International Economics.
Volume (Year): 16 (2008)
Issue (Month): 2 (05)
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Other versions of this item:
- Yasushi Iwamoto & Akihisa Shibata, 2007. "International and Intergenerational Aspects of Capital Income Taxation in an Endogenously Growing World Economy," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo CIRJE-F-490, CIRJE, Faculty of Economics, University of Tokyo.
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