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Article: Capital income taxation and long-run growth: New perspectives

TitleCapital income taxation and long-run growth: New perspectives
Authors
KeywordsCapital mobility
Capital taxation
Population and income growth
Issue Date1996
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jpube
Citation
Journal Of Public Economics, 1996, v. 59 n. 2, p. 239-263 How to Cite?
AbstractWe study the effects of capital income taxation on long-run growth in an endogenous growth framework with two distinguishing features: endogenous population and international capital mobility. Endogenizing population growth introduces a new channel for taxes to affect economic growth and enables us to discriminate the effects of taxes on total versus per capita income growth. Allowing for capital mobility in the open economy, we show how the effects of taxes on population growth and income growth across countries will vary in specific ways, depending on the international income tax regimes and the relative preference bias of people towards the 'quantity' and 'quality' of their children. The numerical results based on our calibrated model for the G-7 nations also indicate that, although the effects of liberalizing capital flows on long-run growth may not be very sizable, the growth effects of changes in capital income tax rates can be tremendously magnified by cross-border capital flows and cross-border spillovers of policy effects.
Persistent Identifierhttp://hdl.handle.net/10722/85618
ISSN
2015 Impact Factor: 1.44
2015 SCImago Journal Rankings: 2.267
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorRazin, Aen_HK
dc.contributor.authorYuen, CWen_HK
dc.date.accessioned2010-09-06T09:07:14Z-
dc.date.available2010-09-06T09:07:14Z-
dc.date.issued1996en_HK
dc.identifier.citationJournal Of Public Economics, 1996, v. 59 n. 2, p. 239-263en_HK
dc.identifier.issn0047-2727en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85618-
dc.description.abstractWe study the effects of capital income taxation on long-run growth in an endogenous growth framework with two distinguishing features: endogenous population and international capital mobility. Endogenizing population growth introduces a new channel for taxes to affect economic growth and enables us to discriminate the effects of taxes on total versus per capita income growth. Allowing for capital mobility in the open economy, we show how the effects of taxes on population growth and income growth across countries will vary in specific ways, depending on the international income tax regimes and the relative preference bias of people towards the 'quantity' and 'quality' of their children. The numerical results based on our calibrated model for the G-7 nations also indicate that, although the effects of liberalizing capital flows on long-run growth may not be very sizable, the growth effects of changes in capital income tax rates can be tremendously magnified by cross-border capital flows and cross-border spillovers of policy effects.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jpubeen_HK
dc.relation.ispartofJournal of Public Economicsen_HK
dc.rightsJournal of Public Economics. Copyright © Elsevier BV.en_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in <Journal of Public Economics>. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in PUBLICATION, [VOL 59, ISSUE 2, (1996)] DOI 10.1016/0047-2727(95)01504-3-
dc.subjectCapital mobilityen_HK
dc.subjectCapital taxationen_HK
dc.subjectPopulation and income growthen_HK
dc.titleCapital income taxation and long-run growth: New perspectivesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0047-2727&volume=59&spage=239&epage=263&date=1996&atitle=Capital+income+taxation+and+long-run+growth:+new+perspectivesen_HK
dc.identifier.emailYuen, CW: cwyuen@hku.hken_HK
dc.identifier.authorityYuen, CW=rp01123en_HK
dc.description.naturepreprint-
dc.identifier.doi10.1016/0047-2727(95)01504-3en_HK
dc.identifier.scopuseid_2-s2.0-0030078433en_HK
dc.identifier.hkuros10504en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0030078433&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume59en_HK
dc.identifier.issue2en_HK
dc.identifier.spage239en_HK
dc.identifier.epage263en_HK
dc.identifier.isiWOS:A1996TV74800005-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridRazin, A=7102906968en_HK
dc.identifier.scopusauthoridYuen, CW=7101633296en_HK

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