Spill-over effects of supply-side changes in a two-country economy with capital accumulation
Spill-over effects of supply-side changes in a two-country economy with capital accumulation
复制标题
资本积累两国经济供给侧变化的溢出效应
DOI：
10.1016/0022-1996(92)90053-m
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发表时间：
1992
影响因子：
3.3
通讯作者：
Akihisa Shibata
中科院分区：
文献类型：
--
作者：
Yoshiyasu Ono;Akihisa Shibata
我们使用资本积累的两国动态最优化模型，探讨了生产率提高和企业所得税率降低等供给面变化对均衡路径和两国福利的影响。福利效应由税收扭曲项和财富项组成。随着资本从债务国流向债权国，债权国的这些供应方变化增加了其福利，但无疑减少了债务国的福利。
Using a two-country dynamic optimization model with capital accumulation, we explore the effect of such supply-side changes as a rise in productivity and a reduction in the corporate tax rate on the equilibrium path and the welfare of two countries. The welfare effect consists of a tax distortion term and a wealth term. Those supply-side changes in the creditor country increase its welfare but unambiguously decrease the debtor country's welfare, as capital moves from the debtor country to the creditor country.