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dc.contributor.authorRadulescu, Doina Mariaen_US
dc.contributor.authorStimmelmayr, Michaelen_US
dc.date.accessioned2008-11-11en_US
dc.date.accessioned2009-07-28T08:32:15Z-
dc.date.available2009-07-28T08:32:15Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26468-
dc.description.abstractIn the spirit of Harberger, we apply a dynamic computable general equilibrium (CGE) model and estimate the excess burden stemming from the tax-induced distortion in the allocation of capital across the corporate and the non-corporate sectors in Germany. In doing so, we perform a counterfactual analysis and ask how the allocation of capital across sectors would change compared with a sector-neutral tax system which assures an identical effective tax burden on both sectors. Our estimates suggest that the excess burden per period ranges from 2.0 to 3.6 billion Euros or from about 0.1 to 0.16 per cent of GDP. In present value terms, the excess burden translates to about 104 billion Euros or 4.7 per cent of GDP. In order to identify the impact of the firm's financial behaviour on the size of the emerging excess burden, we perform several sensitivity analyses with regard to debt financing, external equity financing and debt constraints via agency cost.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2423en_US
dc.subject.jelC68en_US
dc.subject.jelC87en_US
dc.subject.jelD92en_US
dc.subject.jelH25en_US
dc.subject.ddc330en_US
dc.subject.keywordCapital income taxationen_US
dc.subject.keywordnon-uniform taxationen_US
dc.subject.keywordcomputable general equilibrium modellingen_US
dc.subject.stwKapitalertragsteueren_US
dc.subject.stwUnternehmensbesteuerungen_US
dc.subject.stwBrancheen_US
dc.subject.stwExcess Burdenen_US
dc.subject.stwSteuerwirkungen_US
dc.subject.stwFinanzierungen_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleThe welfare loss from differential taxation of sectors in Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn584683812en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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