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dc.contributor.authorGrossmann, Volkeren
dc.contributor.authorSteger, Thomas M.en
dc.contributor.authorTrimborn, Timoen
dc.date.accessioned2010-03-26-
dc.date.accessioned2010-08-03T13:10:28Z-
dc.date.available2010-08-03T13:10:28Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aLeibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät |cHannoveren
dc.relation.ispartofseries|aDiskussionsbeitrag |x440en
dc.subject.jelH20en
dc.subject.jelO30en
dc.subject.jelO40en
dc.subject.ddc330en
dc.subject.keywordEconomic growthen
dc.subject.keywordEndogenous technical changeen
dc.subject.keywordOptimal growth policyen
dc.subject.keywordTax-transfer systemen
dc.subject.keywordTransitional dynamicsen
dc.subject.stwWachstumspolitiken
dc.subject.stwInvestitionspolitiken
dc.subject.stwForschungssubventionen
dc.subject.stwSteuerbegünstigungen
dc.subject.stwKörperschaftsteueren
dc.subject.stwSteuerwirkungen
dc.subject.stwOptimales Wachstumen
dc.subject.stwEndogener technischer Fortschritten
dc.subject.stwTheorieen
dc.subject.stwUSAen
dc.titleQuantifying optimal growth policy-
dc.type|aWorking Paperen
dc.identifier.ppn622657364en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:han:dpaper:dp-440en

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