greatly reduces bias in the most influential and precise estimates: conservatively accounting for capital taxes paid by the …

ratio of tax revenue to GDP and the domestic savings ratio. …

taxation on capital share parameters. The estimation technique allows to deal with unobserved heterogeneity and to perform a … that a cut in the corporate income tax rate by 10 % raises the GDP growth rate by 0.9% while a cut in the personal income … tax rate by 10% raises the GDP growth rate by 1% …