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Wirtschaftswissenschaftliche Fakultät, Universität Hannover >
Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/37110
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Grossmann, Volker | | en_US |
| dc.contributor.author | | Steger, Thomas M. | | en_US |
| dc.contributor.author | | Trimborn, Timo | | en_US |
| dc.date.accessioned | | 2010-03-26 | | en_US |
| dc.date.accessioned | | 2010-08-03T13:10:28Z | | - |
| dc.date.available | | 2010-08-03T13:10:28Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/37110 | | - |
| dc.description.abstract | | This paper develops a comprehensive endogenous growth framework to determine the optimal mix of growth policies. The analysis is novel in that we capture important elements of the tax-transfer system and fully take into account transitional dynamics in our numerical analysis. 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 the status quo 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 from sales revenue. Implementing the optimal policy mix is likely to entail huge welfare gains. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Wirtschaftswiss. Fak., Leibniz Univ. Hannover | | en_US |
| dc.relation.ispartofseries | | Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät // Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 440 | | en_US |
| dc.subject.jel | | H20 | | en_US |
| dc.subject.jel | | O30 | | en_US |
| dc.subject.jel | | O40 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Economic growth | | en_US |
| dc.subject.keyword | | Endogenous technical change | | en_US |
| dc.subject.keyword | | Optimal growth policy | | en_US |
| dc.subject.keyword | | Tax-transfer system | | en_US |
| dc.subject.keyword | | Transitional dynamics | | en_US |
| dc.subject.stw | | Wachstumspolitik | | en_US |
| dc.subject.stw | | Investitionspolitik | | en_US |
| dc.subject.stw | | Forschungssubvention | | en_US |
| dc.subject.stw | | Steuerbegünstigung | | en_US |
| dc.subject.stw | | Körperschaftsteuer | | en_US |
| dc.subject.stw | | Steuerwirkung | | en_US |
| dc.subject.stw | | Optimales Wachstum | | en_US |
| dc.subject.stw | | Endogener technischer Fortschritt | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Quantifying optimal growth policy | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 622657364 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover
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