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Corporate Taxation and Investment : Explaining Investment Dynamics with Firm-Level Panel Data
Dwenger, Nadja - 2011
framework for analyzing tax effects on changes in capital stock. In particular I estimate a one-step error correction model (ECM …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … incomplete. Both, ECM and distributed lag model, suggest that user cost of capital and output have an economically and …
Persistent link: https://www.econbiz.de/10013134247
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Business capital accumulation and the user cost : is there a heterogeneity bias?
Fatica, Serena - 2017
Empirical models of capital accumulation estimated on aggregate data series are based on the assumption that capital asset types respond in the same way to cost variables. Likewise, aggregate models do not consider potential heterogeneity in investment behavior originating on the demand side for...
Persistent link: https://www.econbiz.de/10012054683
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Capital decay and tax distortions: How to abandon exponential decay and benefit from it
Biørn, Erik - 2009
The appropriate way of quantifying how taxation of a firm's income and capital can distort its optimizing conditions is a recurring issue in the literature on optimal taxation. Exponential decay, although empirically contested, is almost ubiquitous. In the present paper a generalized framework...
Persistent link: https://www.econbiz.de/10010275647
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Capital decay and tax distortions : how to abandon exponential decay and benefit from it
Biørn, Erik - 2009
The appropriate way of quantifying how taxation of a firm's income and capital can distort its optimizing conditions is a recurring issue in the literature on optimal taxation. Exponential decay, although empirically contested, is almost ubiquitous. In the present paper a generalized framework...
Persistent link: https://www.econbiz.de/10003914466
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Taxes and Firm Investment
Arin, K. Peren; Devereux, Kevin; Mazur, Mieszko - 2021
We investigate the firm level investment responses to narrative shocks to average personal and corporate tax rates using a universal micro dataset of publicly traded U.S firms for the post- 1962 period. By allowing for heterogeneous effects over the business cycle and accompanying monetary...
Persistent link: https://www.econbiz.de/10013250827
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Temporary super depreciation allowances for green and digital investments
Funke, Michael; Terasa, Raphael - 2022
calibrated multi-sector DSGE model, we find that the temporary super deduction could trigger an uplift of 10 percentage points …
Persistent link: https://www.econbiz.de/10013285588
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Firm Investment, Corporate Finance, and Taxation
Palomba, Geremia - 2021
This paper examines the intertemporal effect of corporate income taxation on the investment behavior of a firm that faces imperfect capital markets. It shows that when capital markets are imperfect, the optimizing firm goes through different phases of growth. In this dynamic setting, the effect...
Persistent link: https://www.econbiz.de/10013212313
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Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? : Cross-Country Evidence from the Amadeus Dataset
Schwellnus, Cyrille - 2008
This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with...
Persistent link: https://www.econbiz.de/10012444515
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Tax Policy and Investment in a Global Economy
Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024
model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean … foreign capital. In the model, the long-run effect on domestic capital in general equilibrium is 7% and the tax revenue …
Persistent link: https://www.econbiz.de/10014512034
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Effective tax rates for R&D intangibles
González Cabral, Ana Cinta - 2023
commercialisation decisions. The model is further developed to account for the design changes to such tax incentives introduced by the …
Persistent link: https://www.econbiz.de/10014435859