Capital Taxation and Economic Performance
Copyright policy )Capital Taxation and Economic Performance
A new technology is a bold new combination of production factors that potentially yields a higher level of total factor productivity. The optimal combination of input factors is unknown when an innovation is pursued. A larger targeted innovation may require a greater change in the optimal combination of production factors employed and increases volatility alongside with economic growth. We show that economic policy can interfere in this relationship with by adjusting source based capital income taxes.
Discussion Papers SFB International Tax Coordination, RVK QN 300, QL 400 ; JEL H87, E32, O31, O41, economic growth / cycles / innovation / capital taxation / tax coordination / automatic stabilizers
Discussion Papers SFB International Tax Coordination, RVK QN 300, QL 400 ; JEL H87, E32, O31, O41, economic growth / cycles / innovation / capital taxation / tax coordination / automatic stabilizers
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