Quantifying optimal growth policy

1. Person: Grossmann, Volker
Weitere Personen: Steger, Thomas M.; Trimborn, Timo
Format: Online-Artikel
Sprache: English
Veröffentlicht: Institute for the Study of Labor (IZA) 2010
Serien: Diskussionsbeitrag
Schlagworte: Wachstumspolitik
Investitionspolitik
Forschungssubvention
Steuerbegünstigung
Körperschaftsteuer
Steuerwirkung
Optimales Wachstum
Endogener technischer Fortschritt
Theorie
USA
Growth policy
Investment policy
Research funding
Tax effects
Optimal growth
Endogenous growth model
Theory
United States
Online Zugang: https://www.econstor.eu/bitstream/10419/38919/1/630130604.pdf
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recordtype
econstor
institution
MPG
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title
Quantifying optimal growth policy
spellingShingle
Quantifying optimal growth policy
Wachstumspolitik
Investitionspolitik
Forschungssubvention
Steuerbegünstigung
Körperschaftsteuer
Steuerwirkung
Optimales Wachstum
Endogener technischer Fortschritt
Theorie
USA
Growth policy
Investment policy
Research funding
Tax effects
Optimal growth
Endogenous growth model
Theory
United States
Grossmann, Volker
Diskussionsbeitrag
title_short
Quantifying optimal growth policy
title_full
Quantifying optimal growth policy
title_fullStr
Quantifying optimal growth policy
title_full_unstemmed
Quantifying optimal growth policy
title_sort
Quantifying optimal growth policy
format
electronic Article
format_phy_str_mv
Paper
publisher
Institute for the Study of Labor (IZA)
publishDate
2010
language
English
topic
Wachstumspolitik
Investitionspolitik
Forschungssubvention
Steuerbegünstigung
Körperschaftsteuer
Steuerwirkung
Optimales Wachstum
Endogener technischer Fortschritt
Theorie
USA
Growth policy
Investment policy
Research funding
Tax effects
Optimal growth
Endogenous growth model
Theory
United States
topic_facet
Growth policy
Investment policy
Research funding
Tax effects
Optimal growth
Endogenous growth model
Theory
United States
author
Grossmann, Volker
author2
Steger, Thomas M.
Trimborn, Timo
author2Str
Steger, Thomas M.
Trimborn, Timo
description
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct approximately all of their capital and R&D costs from sales revenue. Our analysis suggests that this policy leads to severe underinvestment in both R&D and physical capital. We find that firms should be allowed to deduct between 2-2.5 times their R&D costs and about 1.5-1.7 times their capital costs. Implementing the optimal policy mix is likely to entail huge welfare gains.
url
https://www.econstor.eu/bitstream/10419/38919/1/630130604.pdf
series
Diskussionsbeitrag
seriesStr
Diskussionsbeitrag
Diskussionsbeitrag
series2
Diskussionsbeitrag
series2_facet
Diskussionsbeitrag
up_date
2020-01-24T03:54:25.339Z
_version_
1656580349017194499

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