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Investment in Energy Infrastructure and the Tax Code
Metcalf, Gilbert E. - 2014
Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct … estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely … across investment classes. I then consider investment in wind generation capital and regress investment against a user cost …
Persistent link: https://www.econbiz.de/10013070671
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Tax Policy and Business Fixed Investment in the United States
Auerbach, Alan J. - 2008
This paper derives and estimates models of nonresidential investment behavior in which current and future tax … postwar U.S. investment behavior, particularly for investment in machinery and equipment. In addition, the paper develops a … method for assessing the impact of tax policy on the volatility of investment when such policy is endogenous. Illustrative …
Persistent link: https://www.econbiz.de/10012774816
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Level Versus Variability Trade-Offs in Wind and Solar Generation Investments : The Case of California
Wolak, Frank - 2016
and solar energy and revenue risk are computed using the actual market portfolio and the risk-adjusted expected hourly …
Persistent link: https://www.econbiz.de/10012985578
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Fiscal Reform and Government Debt in Japan : A Neoclassical Perspective
Hansen, Gary D. - 2013
Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to output ratio near 150 percent. In addition, the aging of Japanese society implies that public expenditures and transfers payments relative to output are projected to continue to...
Persistent link: https://www.econbiz.de/10013076179
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Comparing Average and Marginal Tax Rates Under the Fairtax and the Current System of Federal Taxation
Kotlikoff, Laurence J. - 2007
This paper compares marginal and average tax rates on working and saving under our current federal tax system with those that would arise under a federal retail sales tax, specifically the FairTax. The FairTax would replace the personal income, corporate income, payroll, and estate and gift...
Persistent link: https://www.econbiz.de/10012778621
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Which Effective Tax Rate?
Fullerton, Don - 2021
interest rates, while others estimate the additional taxes associated with a marginal increase in investment. Because there are …
Persistent link: https://www.econbiz.de/10013217961
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How Far are We from the Slippery Slope? The Laffer Curve Revisited
Trabandt, Mathias; Uhlig, Harald - 2021
We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. We provide new tax rate data. The US can increase tax revenues by 30% by raising labor...
Persistent link: https://www.econbiz.de/10013225026
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Effective Tax Rates in Macroeconomics : Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption
Mendoza, Enrique G. - 2011
This paper proposes a method for computing tax rates using national accounts and revenue statistics. Using this method we construct time-series of tax rates for large industrial countries. The method identifies the revenue raised by different taxes at the general government level and defines...
Persistent link: https://www.econbiz.de/10013126893
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Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform
Gourio, Francois - 2010
To study the long-run effect of dividend taxation on aggregate capital accumulation, we build a dynamic general equilibrium model in which there is a continuum of firms subject to idiosyncratic productivity shocks. We find that a dividend tax cut raises aggregate productivity by reducing the...
Persistent link: https://www.econbiz.de/10013152567
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Estimating Adjustment Costs with Data on Heterogeneous Capital Goods
Goolsbee, Austan - 2008
This paper estimates the micro-level costs of adjusting capital using detailed data onquot; investment decisions in the …; profitability. The results show clear evidence of non-convex adjustment costs inaction for capital investment and quadratic … adjustment costs conditional on positive or negativequot; investment. The adjustment costs for utilization show similar non …
Persistent link: https://www.econbiz.de/10012774916