This paper examines the problem of optimal tax mix analytically in a two-sector growth model with transitional dynamics … subsidies, consumption taxes do better than uniform income taxes, but can be improved on locally via positive taxation of … physical capital income and a negative tax on labor income. With subsidies the first best can be achieved in a system where: (i …

This paper examines the problem of optimal tax mix analytically in a two-sector growth model with transitional dynamics … subsidies, consumption taxes do better than uniform income taxes, but can be improved on locally via positive taxation of … physical capital income and a negative tax on labor income. With subsidies the first best can be achieved in a system where: (i …

We set up a neoclassical growth model extended by a corporate sector, an investment and finance decision of firms, and …

We set up a neoclassical growth model extended by a corporate sector, an investment and finance decision of firms, and …

endogenous growth, which focus on analysing the taxation question. After introducing the fundamental contributions, we discuss …

We set up a neoclassical growth model extended by a corporate sector, an investment and finance decision of firms, and …