Economic Growth and Tax-Competing Leviathans
Abstract
Is tax competition good for economic growth? The paper addresses this question by means of a simple model of economic growth in which a wasteful Leviathan state sets taxes and provides a productive input. Wasteful behaviour is restricted by the voter, who reduces political support if her income is reduced. The intensity of tax competition is modelled via variation of a parameter measuring the mobility of the tax base. It is shown that the effects of increased mobility of the tax base on economic growth are ambiguous and that the elasticity of intertemporal substitution, which in this model equals the rate of intratemporal substitution between the government’s own consumption and its political support, is a decisive variable in this context. Copyright Springer Science + Business Media, Inc. 2005Download Info
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Bibliographic Info
Article provided by Springer in its journal International Tax and Public Finance.
Volume (Year): 12 (2005)
Issue (Month): 4 (August)
Pages: 457-474
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Web page: http://www.springerlink.com/link.asp?id=102915
Related research
Keywords: tax competition; economic growth; Leviathan;References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Batina, Raymond G., 2009. "Local capital tax competition and coordinated tax reform in an overlapping generations economy," Regional Science and Urban Economics, Elsevier, vol. 39(4), pages 472-478, July.
- Michael Rauscher, 2005.
"Tax Competition, Capital Mobility, and Innovation in the Public Sector,"
Thuenen-Series of Applied Economic Theory
54, University of Rostock, Institute of Economics, Germany.
- Michael Rauscher, 2007. "Tax Competition, Capital Mobility and Innovation in the Public Sector," German Economic Review, Verein für Socialpolitik, vol. 8, pages 28-40, 02.
- Daniel Becker, 2005. "Dynamic Tax Competition and Public-Sector Modernisation," Thuenen-Series of Applied Economic Theory 56, University of Rostock, Institute of Economics, Germany.
- Daniel Becker & Michael Rauscher, 2007.
"Fiscal Competition in Space and Time: An Endogenous-Growth Approach,"
Thuenen-Series of Applied Economic Theory
74, University of Rostock, Institute of Economics, Germany.
- Daniel Becker & Michael Rauscher, 2007. "Fiscal Competition in Space and Time: An Endogenous-Growth Approach," CESifo Working Paper Series 2048, CESifo Group Munich.
- Geremia Palomba, 2008. "Capital income taxation and economic growth in open economies," International Tax and Public Finance, Springer, vol. 15(6), pages 668-692, December.
- Hashimzade, Nigar & Myles, Gareth D., 2010.
"Growth And Public Infrastructure,"
Macroeconomic Dynamics,
Cambridge University Press, vol. 14(S2), pages 258-274, November.
- Nigar Hashimzade & Gareth D. Myles, 2009. "Growth and Public Infrastructure," Economics & Management Discussion Papers em-dp2009-03, Henley Business School, Reading University.
- Ulrich Hange, 2008. "Tax Competition, Elastic Labor Supply, and Growth," CESifo Working Paper Series 2338, CESifo Group Munich.
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