Misch, Florian; Gemmell, Norman; Kneller, Richard - 2011
synthesizes and extends endogenous growth models with public finance to compare growth and welfare maximizing tax rates. Secondly … range of trade-offs: the growth maximizing tax rate can be above, below, or equal to the welfare maximizing equivalent. We … find however that even relatively large differences in growth and welfare maximizing tax rates translate into relatively …