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We analyze the impact of micro-founded political institutions on economic growth in an overlapping-generations economy, where individuals differ in preferences over a public good (as well as in age). Labour and capital taxes finance the public good and a public input. The benchmark institution...
Persistent link: https://www.econbiz.de/10005504348
theoretical grounds the discretionary component of taxation should be allowed to have different effects on output than the …
Persistent link: https://www.econbiz.de/10008854466
overlapping-generations economy, where individuals differ in preferences over the environment (as well as in age). Labour taxation … and capital taxation is used to finance a public good and a public production factor, period by period. The underlying …
Persistent link: https://www.econbiz.de/10005791516