| 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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| Taxing Land Rent in an Open Economy |
| Alberto Petrucci
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| 发表日期 | 2003
|
| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2003
|
| 语种 | 英语
|
| 摘要 | This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small open economy with endogenous labor-leisure choices. Differently from the previous literature, the consequences of land taxation critically depend on how the tax proceeds are used by the government. A land tax depresses capital formation, crowds out foreign investment and pulls up national wealth and consumption when consumers are lump-sum compensated for the tax. If the proceeds from taxation were used for financing un-productive government expenditure, land taxation would be neutral in its effects on capital stock, nonhuman wealth and labor. When the tax proceeds are used to reduce labor taxes, the land tax exerts ambiguous effects on capital stock and manhours, and spurs nonhuman wealth accumulation. |
| 特色分类 | E21,E62,H22
|
| 关键词 | Land Taxation,Labor Supply,Capital Accumulation,Overlapping-generations
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/taxing-land-rent-in-an-open-economy/
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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/116891
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推荐引用方式
GB/T 7714 |
Alberto Petrucci. Taxing Land Rent in an Open Economy. 2003.
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