Bania, Neil; Gray, Jo Anna; Stone, Joe A. - In: National Tax Journal 60 (2007) 2, pp. 193-204
Barro–style models of endogenous growth imply that economic growth will initially rise with an increase in taxes directed toward economically "productive" expenditures (e.g., education, highways, public safety), but will subsequently decline—consistent with a "growth hill"—as the rising...