The Effects of Factor Taxation in a Two-Sector Model of Endogenous Growth
The Effects of Factor Taxation in a Two-Sector Model of Endogenous Growth
复制标题
要素税在内生增长的两部门模型中的影响
DOI：
10.2307/135781
复制
发表时间：
1994
期刊：
影响因子：
--
通讯作者：
D. Love
中科院分区：
文献类型：
--
作者：
M. Devereux;D. Love
本文在一个基于物质资本和人力资本共同积累的两部门内生增长模型中考察了税收的影响。过渡动态和平衡增长路径计算，并探讨了工资税，资本税和消费税的反应。计算替代税收制度的福利成本。资本税是迄今为止效率最低的创收方法。不同税收对长期增长率影响的差异相对来说并不重要。资本税与工资税或消费税之间的关键区别在于它们对产出、消费和劳动力供给的永久路径的不同水平的影响。
This paper examines the effects of taxation in a two-sector model of endogenous growth, based on the joint accumulation of physical and human capital. Both transitional dynamics and balanced growth paths are computed, and the response to wage taxes, capital taxes, and consumption taxes is explored. Welfare costs of alternative tax regimes are computed. The capital tax is by far the least efficient method of generating revenue. The differences between taxes with respect to their effects on long-run growth rates are relatively unimportant. The key difference between the capital tax and wage or consumption taxes lies in their different level effects on the permanent paths of output, consumption, and labour supply.