Wen, Jean-François; Yilmaz, Fatih - 2020
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open … economy, exploiting three sources of variation in Canadian tax policy: across provinces, industries, and years. Estimates of … the UCE with Canadian data are less prone to the endogeneity problems arising from the effects of tax policy changes on …