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Revised: 2006-11.-- Published as an article in: Journal of Public Economics 90(12), December, 2006, pp. 2323-2349.
Persistent link: https://www.econbiz.de/10004972656
Published as an article in: European Economic Review, 2008, vol. 52, issue 1, pages 1-27.
Persistent link: https://www.econbiz.de/10004972677
We analyze the effects of capital income taxation on long-run growth in a stochastic, two-period overlapping generations economy. Endogenous growth is driven by a positive externality of physical capital in the production sector that makes firms exhibit an aggregate ρoKπ4echnology in...
Persistent link: https://www.econbiz.de/10011168525