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Taxation, capital public et croissance : les méfaits du "court-termisme"

Listed author(s):
  • Arsène Rieber
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    [fre] Taxation, capital public et croissance : les méfaits du "court-termisme" par Arsène Rieber Dans le cadre d'un modèle de croissance endogène, nous nous intéressons à l'incidence de la politique fiscale sur la dynamique économique. Approfondissant le modèle de Barro (1990), nous imposons une finalité aux prélèvements publics : le financement des infrastructures. Le modèle enseigne que par l'intermédiaire du choix des outils fiscaux, le gouvernement est confronté au résultat suivant : l'objectif de maximiser la dynamique de long terme se traduit par un ralentissement du rythme de convergence. À l'inverse, un gouvernement soumettant sa politique fiscale à des préoccupations d'ajustement de court terme dirigera l'économie vers un équilibre sous-optimal à long terme. [eng] Taxation, Public Assets and Growth: The Harmfulness of "short-term Hedonism" by Rieber Arsène We use an endogenous growth model to study the effect of fiscal policy on economic dynamics. We extend the Barro model (1990) to impose a purpose on public levies: the financing of infrastructures. The model shows that, via the choice of tax tools, the government is confronted with the following situation: the aim of maximising long-run dynamics leads to a slowdown in the convergence rate. Conversely, a government that subjects its fiscal policy to short-run adjustment concerns will steer the economy towards a sub-optimal equilibrium in the long run.

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    Article provided by Programme National Persée in its journal Économie & prévision.

    Volume (Year): 136 (1998)
    Issue (Month): 5 ()
    Pages: 63-72

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    Handle: RePEc:prs:ecoprv:ecop_0249-4744_1998_num_136_5_5938
    Note: DOI:10.3406/ecop.1998.5938
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