Mendoza, Enrique G.; Milesi-Ferretti, Gian Maria; Asea, … - Federal Reserve Board (Board of Governors of the … - 1995
Harberger's supemeutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this view by testing the predictions of endogenous growth...