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http://hdl.handle.net/10419/41080
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| Title: | | Asymmetric capital-tax competition, unemployment and losses from capital market integration  |
| Authors: | | Pethig, Rüdiger Kolleß, Frieder |
| Issue Date: | | 2009 |
| Series/Report no.: | | Volkswirtschaftliche Diskussionsbeiträge // Universität Siegen, Fachbereich Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht 137 |
| Abstract: | | In a multi-country general equilibrium economy with mobile capital and rigidwage unemployment, countries may differ in capital endowments, production technologies and rigid wages. Governments tax capital at the source to maximize national welfare. They account for tax base responses to their tax and take as given the world-market interest rate. We specify conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases in some countries (i) when moving from autarky to trade without taxation and/or (ii) when moving from trade without taxation to tax competition. |
| Subjects: | | capital taxation asymmetric tax competition rigid wages unemployment losses from trade |
| JEL: | | E24 H25 H87 J64 R13 F21 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen
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