Tax Policy, Business Saving and Investment

税收政策、企业储蓄和投资

• 批准号: 9022707
• 负责人: Alan Auerbach
• 金额: --
• 依托单位: University of Pennsylvania
• 依托单位国家: 美国
• 项目类别: Continuing grant
• 财政年份: 1991
• 资助国家: 美国
• 起止时间: 1991-07-01 至 1994-12-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9022707&HistoricalAwards=false
• 关键词: Tax; Policy; Business; Saving; Investment

The project consists of a series of related empirical studies on the determinants of business saving and business fixed investment in the United States. While these are traditionally areas of activist fiscal policy, there is still very little convincing empirical evidence on a variety of important topics. Those to be studied are: the relationship between household and business saving; an analysis of the pattern of business fixed investment since the Tax Reform Act of 1986; a comparison of alternative models of business fixed investment; and an examination of the relationship between overall domestic U.S. investment and foreign direct investment in the United States. The project should increase our understanding of the extent to which fiscal policy can and has influenced capital accumulation in the U.S. This is an area of intense policy activism, but the state of economic knowledge remains largely based on theoretical predictions instead of the type of empirical analysis carried out under this project. The contribution from this project is especially timely and important because it helps explain recent changes in the U.S. economic environment, such as the sharp decline in corporate saving, the large increase in capital inflows from abroad, and the unexpected strong performance of business fixed investment since the Tax Reform Act of 1986.

该项目包括一系列关于美国企业储蓄和企业固定投资决定因素的相关实证研究。 虽然这些传统上是积极财政政策的领域，但在各种重要主题上仍然缺乏令人信服的经验证据。 研究的内容有：家庭储蓄与企业储蓄之间的关系； 1986 年税收改革法案以来企业固定投资模式分析；企业固定投资替代模式的比较；以及对美国国内总投资与美国外国直接投资之间关系的研究。 该项目应该增加我们对财政政策能够并且已经影响美国资本积累的程度的理解。这是一个政策激进主义强烈的领域，但经济知识的状况仍然主要基于理论预测，而不是在该项目下进行的实证分析类型。 这个项目的贡献尤其及时和重要，因为它有助于解释美国经济环境最近的变化，例如企业储蓄急剧下降、海外资本流入大幅增加以及自1986年税收改革法案以来企业固定投资意外强劲的表现。