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dc.contributor.authorRadulescu, Doina Mariaen
dc.contributor.authorStimmelmayr, Michaelen
dc.date.accessioned2008-11-11-
dc.date.accessioned2009-07-28T08:32:15Z-
dc.date.available2009-07-28T08:32:15Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2423en
dc.subject.jelC68en
dc.subject.jelC87en
dc.subject.jelD92en
dc.subject.jelH25en
dc.subject.ddc330en
dc.subject.keywordCapital income taxationen
dc.subject.keywordnon-uniform taxationen
dc.subject.keywordcomputable general equilibrium modellingen
dc.subject.stwKapitalertragsteueren
dc.subject.stwUnternehmensbesteuerungen
dc.subject.stwBrancheen
dc.subject.stwExcess Burdenen
dc.subject.stwSteuerwirkungen
dc.subject.stwFinanzierungen
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwTheorieen
dc.subject.stwDeutschlanden
dc.titleThe welfare loss from differential taxation of sectors in Germany-
dc.typeWorking Paperen
dc.identifier.ppn584683812en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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