| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Consumption Taxation and Endogenous Growth in a Model with New Generations |
| Alberto Petrucci
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| 发表日期 | 2001
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| 出处 | Economy and Society
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| 出版年 | 2001
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| 语种 | 英语
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| 摘要 | This article studies the implications of consumption taxation on capitalaccumulation in a one-sector endogenous growth model with finite horizons. A tax on consumption, when tax revenues are lump-sum rebated to consumers, redistributes income between living generations and future, still unborn, generations, and therefore depresses aggregate consumption and raises saving, stimulating capital accumulation and economic growth. If however the resources from taxation are used for financing unproductive public spending, the effect of the consumption tax on the endogenous growth rate disappears as no intergenerational redistribution of income occurs. Finally, a consumption tax hike accompanied by a compensatory reduction of public debt increases long-run economic growth and reduces the consumption-output ratio. Our results on consumption taxation differ substantially from those obtained within the endogenous growth literature. |
| 特色分类 | H24,O41
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| 关键词 | Consumption tax,endogenous growth,overlapping generations
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/consumption-taxation-and-endogenous-growth-in-a-model-with-new-generations/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116682
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推荐引用方式
GB/T 7714 |
Alberto Petrucci. Consumption Taxation and Endogenous Growth in a Model with New Generations. 2001.
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文件名：
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NDL2001-079.pdf
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格式：
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Adobe PDF
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