Revisiting the capital tax ambiguity result

Book English OPEN
Selim, Sheikh Tareq; Cardiff University;
(2006)
  • Publisher: Cardiff University
  • Subject: HB | HF | HG

We provide a welfare based interpretation of the capital tax ambiguity result (due to Guo \ud & Lansing, 1999). We show that the sign ambiguity of optimal capital tax rate in an \ud imperfectly competitive economy is mainly due to the welfare cost of investment. The \ud... View more
  • References (6)

    Guo, J-T. & K. J. Lansing, 1999. Optimal Taxation of Capital Income with Imperfectly Competitive Product Markets, Journal of Economic Dynamics and Control, 23, 967-995.

    Judd, K. L. 1997. The Optimal Tax on Capital Income is Negative, NBER Working Paper No. 6004.

    Judd, K. L. 1999. Optimal Taxation and Spending in General Competitive Growth Models, Journal of Public Economics, 71, 1-26.

    Judd, K. L. 2002. Capital Income Taxation with Imperfect Competition, The American Economic Review, 92, 417-421.

    Ljungqvist, L. & Sargent, T. J. (2000). Recursive Macroeconomic Theory. London: The MIT Press, 2000.

    Stiglitz, J. E. & P. Dasgupta, 1971. Differential Taxation, Public Goods, and Economic Efficiency, The Review of Economic Studies, 38, 151-174.

  • Related Organizations (3)
  • Metrics
Share - Bookmark