Analysis of a Two-Sector Model of Endogenous Growth with Capital Income Taxation
Analysis of a Two-Sector Model of Endogenous Growth with Capital Income Taxation
复制标题
资本所得税内生增长的两部门模型分析
DOI：
10.2307/2527254
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发表时间：
1996
影响因子：
1.5
通讯作者：
Kazuo Mino
中科院分区：
文献类型：
--
作者：
Kazuo Mino
本文讨论了一个两部门内生增长模型，其中一个部门生产最终产品，另一个部门生产新的人力资本。这两个部门都在规模技术的恒定回报下雇用人力和实物资本。与现有的研究，这种类型的模型，主要集中在稳态分析或校准模型的数值模拟，本文提出了一个分析参数的动态行为的增长路径和资本所得税的影响和稳定增长的均衡。这表明，经济的动态行为和一些政策效果在很大程度上取决于在每个生产部门使用的要素密集度的大小。1996年由宾夕法尼亚大学经济系和大坂大学社会经济研究协会版权所有。
This paper addresses a two-sector model of endogenous growth in which one sector produces final goods and the other produces new human capital. Both sectors employ human as well as physical capital under constant returns to scale technologies. Unlike existing studies of this type of model that have mostly concentrated on steady-state analysis or on numerical simulations of calibrated models, this paper presents an analytical argument concerning the dynamic behavior of the growth path and the effects of capital income taxation in and out of the steady-growth equilibrium. It is demonstrated that the dynamic behavior of the economy and some policy effects depend heavily upon the magnitude of factor intensity used in each production sector. Copyright 1996 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.