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dc.contributor.authorGrossmann, Volkeren
dc.contributor.authorSteger, Thomas M.en
dc.contributor.authorTrimborn, Timoen
dc.date.accessioned2010-06-28-
dc.date.accessioned2010-08-18T11:18:13Z-
dc.date.available2010-08-18T11:18:13Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3092en
dc.subject.jelH20en
dc.subject.jelO30en
dc.subject.jelO40en
dc.subject.ddc330en
dc.subject.keywordeconomic growth, endogenous 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.typeWorking Paperen
dc.identifier.ppn630130604en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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