Gong, Liutang; Zou, Heng-fu - China Economics and Management Academy, Central … - 2011
public expenditures and taxes by multiple levels of government. It derives the rate of endogenous growth and, with both … simulations and special examples, examines how that rate changes with respect to federal income tax, local taxes, and federal … transfers. It also discusses the growth and welfare-maximizing choices of taxes and federal transfers. …