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Joint Production of Goods and Knowledge: Implications for Tax Reform Author info | Abstract | Publisher info | Download info | Related research | Statistics Carlo Perroni
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This paper examines the welfare impacts of tax reformin the context of a perfect-foresight two-sector model with linearendogenous growth, where new knowledge is a byproduct of productionactivities. A calibrated version of this model is used to obtainnumerical estimates of the welfare impact of equal-yield unanticipatedtax changes through transitional analysis. Simulation resultsindicate that the size of the welfare effects of income tax reformdepends crucially on the sectoral composition of final consumptionand investment demand, and on the interplay between output complementaritylinkages and factor intensities. Copyright Kluwer Academic Publishers 1997
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Article provided by Springer in its journal International Tax and Public Finance .
Volume (Year): 4 (1997)
Issue (Month): 2 (May)
Pages: 149-165
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Handle: RePEc:kap:itaxpf:v:4:y:1997:i:2:p:149-165Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=102915
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Keywords: Optimal Taxation ; Growth ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Journal of Monetary Economics ,
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Philip Trostel & Ian Walker, 2006.
"Education and Work ,"
Education Economics ,
Taylor and Francis Journals, vol. 14(4), pages 377-399, December.
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Other versions: Theo Eicher & Stephen Turnovsky & Maria Carme Riera i Prunera, 2003.
"Effects of differential taxation on factor accumulation and growth ,"
Working Papers in Economics
98, Universitat de Barcelona. Espai de Recerca en Economia.
[Downloadable!]
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