| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23391 |
| 来源ID | Working Paper 23391 |
| Stimulus Effects of Investment Tax Incentives: Production versus Purchases | |
| Christopher L. House; Ana-Maria Mocanu; Matthew D. Shapiro | |
| 发表日期 | 2017-05-08 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The distinction between production and purchases of investment goods is essential for quantifying the response to changes in investment tax incentives. If investment goods are tradeable, a large fraction of the demand from changes in tax subsidies will be met from abroad. This difference between production and purchases implies that investment tax incentives will lead to more capital accumulation, but less stimulus to economic activity relative to a no-trade counterfactual. Domestic capacity to produce investment goods is less than perfectly elastic because of quasi-fixed factors of production, adjustment costs, and specialization of labor. This paper builds these features into a DGSE model where key parameters are estimated to match the reduced-form response of investment production and purchases to tax incentives. Typical investment tax policies result in equipment purchases that are split roughly half between domestic and foreign production of equipment. |
| 主题 | Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w23391 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581065 |
| 推荐引用方式 GB/T 7714 | Christopher L. House,Ana-Maria Mocanu,Matthew D. Shapiro. Stimulus Effects of Investment Tax Incentives: Production versus Purchases. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23391.pdf（553KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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