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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38919
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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 | | 2010-06-28 | | en_US |
| dc.date.accessioned | | 2010-08-18T11:18:13Z | | - |
| dc.date.available | | 2010-08-18T11:18:13Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/38919 | | - |
| dc.description.abstract | | The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper Fiscal Policy, Macroeconomics and Growth 3092 | | 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, 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 | | 630130604 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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