Huang, Chien-Chieh; Lee, Wei-Wei; Shih, Pai-Ta - In: Research in World Economy 2 (2011) 2, pp. 55-65
Two models are examined in this study, namely, one incorporating exogenous investment and one incorporating endogenous investment and R&D uncertainty. A lump-sum subsidy results in larger net tax revenues than does lowering the profit tax rate in the former model, while this may not be the case...