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Growth Effects of Income and Consumption Taxes [electronic resource] : Positive and Normative Analysis, Milesi-Ferretti, Gian-Maria.

Author/Creator:
Milesi-Ferretti, Gian-Maria.
Publication:
Washington, D.C. : International Monetary Fund, 1995.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 95/62.
IMF Working Papers; Working Paper No. 95/62
Format/Description:
Government document
Book
1 online resource (38 p.)
Local subjects:
Budget constraint.
Capital accumulation.
Capital income taxation.
Capital investment.
Capital stock.
Capital taxation.
Consumption tax.
Consumption taxes.
Double taxation.
Effect of taxation.
Effective tax rates.
Effects of taxation.
Effects of taxes.
Fiscal policy.
Fiscal variables.
Government expenditure.
Government spending.
Income effect.
Income tax rates.
Income taxes.
Labor taxes.
Lump-sum tax.
Marginal tax rates.
Optimal tax.
Optimal taxation.
Optimal taxes.
Positive taxation.
Public expenditure.
Public finance.
Public spending.
Redistributive taxation.
Tax burden.
Tax changes.
Tax deductible.
Tax incomes.
Tax instruments.
Tax measures.
Tax on capital.
Tax policy.
Tax policy evaluation.
Tax policy reform.
Tax rates.
Tax rates on capital.
Tax reform.
Tax reforms.
Tax return.
Tax returns.
Tax revenue.
Tax revenues.
Tax structure.
Tax system.
Tax systems.
Tax treatment.
Taxation.
Taxation issues.
Taxation of capital income.
Taxation of labor.
Taxes on growth.
Theory of taxation.
Total tax revenue.
Untaxed factor.
United States.
Summary:
The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the taxation of factor incomes (human and physical capital) is growth-reducing. The effects of consumption taxation on growth depend crucially on the elasticity of labor supply, and therefore on the specification of the leisure activity. The paper also derives some implications for the optimal intertemporal choice of tax instruments.
Notes:
Description based on print version record.
Contributor:
Milesi-Ferretti, Gian-Maria.
Roubini, Nouriel.
Other format:
Print Version:
ISBN:
1451848234:
9781451848236
ISSN:
1018-5941
Publisher Number:
10.5089/9781451848236.001
Access Restriction:
Restricted for use by site license.
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