Milesi-Ferretti, Gian Maria; Roubini, Nouriel - In: Journal of Money, Credit and Banking 30 (1998) 4, pp. 721-44
The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed. It is shown that the effects of...