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dc.contributor.authorGrossmann, Volkeren_US
dc.contributor.authorSteger, Thomas M.en_US
dc.contributor.authorTrimborn, Timoen_US
dc.date.accessioned2010-06-28en_US
dc.date.accessioned2010-08-18T11:18:13Z-
dc.date.available2010-08-18T11:18:13Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38919-
dc.description.abstractThe 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.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Fiscal Policy, Macroeconomics and Growth 3092en_US
dc.subject.jelH20en_US
dc.subject.jelO30en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomic growth, endogenous 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.ppn630130604en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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