Capital income taxation in a growing world economy
AbstractThis paper deals with dynamic adjustment in large economies to changes in the rate of capital income taxation or in the rate of investment tax credit in one country. The framework applied in the paper is a continuous-time, overlapping generations model with two countries. It features population growth and debt non-neutrality. We address impact and steady state effects of capital income tax and investment subsidy changes in the home country on consumption per capita, the capital intensity, and the per capita net foreign asset position in both countries.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Economics Zeitschrift für Nationalökonomie.
Volume (Year): 55 (1992)
Issue (Month): 1 (February)
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Web page: http://www.springerlink.com/link.asp?id=108909
Other versions of this item:
- Søren Bo Nielsen, 1989. "Capital Income Taxation in a Growing World Economy," Discussion Papers 89-20, University of Copenhagen. Department of Economics.
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
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Open Access publications from Tilburg University
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