OPTIMAL CAPITAL TAXATION IN A NEOCLASSICAL GROWTH MODEL

被引：6

作者：

Lu, Chia-Hui ^{[1
]}

Chen, Been-Lon ^{[2
]}

机构：

[1] Natl Taipei Univ, Dept Econ, New Taipei 237, Taiwan

[2] Acad Sinica, Inst Econ, Taipei 11529, Taiwan

来源：

JOURNAL OF PUBLIC ECONOMIC THEORY | 2015年 / 17卷 / 02期

关键词：

ENDOGENOUS GROWTH; LIFE-CYCLE; INCOME; ACCUMULATION; INFLATION; WELFARE; POLICY;

D O I：

10.1111/jpet.12100

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies the optimal factor tax incidence in a neoclassical growth model with a given share of government expenditure in output. In the Ramsey planner's optimization, the effect of next period's capital on government expenditure equals the given share of the marginal product of capital. Capital accumulation reduces the discounted net marginal product of next period's capital by way of increasing government expenditure. In order to internalize the distortion, it is optimal to tax capital income in the long run.

引用

页码：257 / 269

页数：13

共 32 条

[1]

[Anonymous], 1995, FRONTIERS BUSINESS C

[2]

[Anonymous], ECON THEOR

[3]

Atkeson A., 1999, Q. Rev., V23, P3

[4] GOVERNMENT SPENDING IN A SIMPLE-MODEL OF ENDOGENOUS GROWTH [J].