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 InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 89-20.
Length: 24 pages
Date of creation: Oct 1989
Date of revision:
Publication status: Published in: Journal of Economics/Zeitschrift für Nationalokonomie, 1992, 55(1) pp 77-99
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More information through EDIRC
open economy macroeconomic theory; fiscal theory; debt; tax;
Other versions of this item:
- Søren Nielsen, 1992. "Capital income taxation in a growing world economy," Journal of Economics, Springer, vol. 55(1), pages 77-99, February.
- 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
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.:
- Bovenberg, A.L., 1986.
"Capital income taxation in growing open economies,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-152946, Tilburg University.
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- Hall, Robert E, 1988.
"Intertemporal Substitution in Consumption,"
Journal of Political Economy,
University of Chicago Press, vol. 96(2), pages 339-57, April.
- Sibert, Anne C, 1985.
"Capital Accumulation and Foreign Investment Taxation,"
Review of Economic Studies,
Wiley Blackwell, vol. 52(2), pages 331-45, April.
- Anne Sibert, 1983. "Capital accumulation and foreign investment taxation," International Finance Discussion Papers 218, Board of Governors of the Federal Reserve System (U.S.).
- Sen, P. & Turnovsky, S.J., 1990.
"Investment Tax Credit In An Open Economy,"
Discussion Papers in Economics at the University of Washington
90-09, Department of Economics at the University of Washington.
- Sen, P. & Turnovsky, S.J., 1990. "Investment Tax Credit In An Open Economy," Working Papers 90-09, University of Washington, Department of Economics.
- Partha Sen & Stephen J. Turnovsky, 1991. "Investment Tax Credit in an Open Economy," NBER Working Papers 3298, National Bureau of Economic Research, Inc.
- Gordon, Roger H, 1986. "Taxation of Investment and Savings in a World Economy," American Economic Review, American Economic Association, vol. 76(5), pages 1086-1102, December.
- Keuschnigg, Christian, 1994. "Dynamic tax incidence and intergenerationally neutral reform," European Economic Review, Elsevier, vol. 38(2), pages 343-366, February.
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