With capital‐skill complementarity, the secular decline in the price of capital equipment due to equipment … of whether the Ramsey (1927) or the Mirrlees (1971) approach is adopted. First, a tax on capital equipment corrects the … optimal taxation resembles the empirical decline in capital taxes and the increase in labor taxes observed in the United …

internationally mobile capital. Each government may levy a source tax on capital and a lump sum tax on fixed labor. If industry is … concentrated in one of the countries, the analysis finds that the host country will gain from setting its source tax on capital … tax on capital and capture the positive externality that arise in the agglomeration. If industry is not concentrated …

capital, improves external competitiveness and counteracts external imbalances. An ex-ante budget-neutral switch of government …

private investment growth is so weak that capital per worker (capital intensity) has virtually remained constant. An increase …

accumulating public capital and its associated public investment path in a perfect foresight general equilibrium model. The model … has several specific features different from the existing frameworks: The policy rule for public capital is introduced … be capital-intensive with its FDI shock. Based on calibration for African countries, the study finds that the front …