Taxation and Endogenous Growth in Open Economies

Taxation and Endogenous Growth in Open Economies
This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing constraints and is able to commit to a given set of... READ MORE...

Publication date: July 1994
ISBN 9781451849943
$15.00

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