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http://hdl.handle.net/10419/37110
  

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dc.contributor.authorGrossmann, Volkeren_US
dc.contributor.authorSteger, Thomas M.en_US
dc.contributor.authorTrimborn, Timoen_US
dc.date.accessioned2010-03-26en_US
dc.date.accessioned2010-08-03T13:10:28Z-
dc.date.available2010-08-03T13:10:28Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37110-
dc.description.abstractThis 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.isoengen_US
dc.publisherWirtschaftswiss. Fak., Leibniz Univ. Hannoveren_US
dc.relation.ispartofseriesDiskussionspapiere der Wirtschaftswissenschaftlichen Fakultät // Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 440en_US
dc.subject.jelH20en_US
dc.subject.jelO30en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordEconomic growthen_US
dc.subject.keywordEndogenous technical changeen_US
dc.subject.keywordOptimal growth policyen_US
dc.subject.keywordTax-transfer systemen_US
dc.subject.keywordTransitional dynamicsen_US
dc.subject.stwWachstumspolitiken_US
dc.subject.stwInvestitionspolitiken_US
dc.subject.stwForschungssubventionen_US
dc.subject.stwSteuerbegünstigungen_US
dc.subject.stwKörperschaftsteueren_US
dc.subject.stwSteuerwirkungen_US
dc.subject.stwOptimales Wachstumen_US
dc.subject.stwEndogener technischer Fortschritten_US
dc.subject.stwTheorieen_US
dc.subject.stwUSAen_US
dc.titleQuantifying optimal growth policyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn622657364en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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