Tax Policy Implications in Endogenous Growth Models

This paper surveys the tax policy implications in various endogenous growth models. The focus is on the long-run growth effects of income, consumption, and investment taxation in models whose engine of growth is the accumulation of human capital, technological innovation, and/or public infrastructure. The results depend on model specifications. This paper also reviews quantitative results from cross-country regressions and simulations, and indicates some statistical and methodological problems to which they are subject. Tax policy implications in endogenous growth models both with tax policy endogenously determined by a political process and with international capital mobility are also discussed.
Publication date: March 1994
ISBN: 9781451977554
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Economics- Macroeconomics , Taxation - General , taxation , tax revenue , capital stock , tax rates

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