Sinn, Hans-Werner (1982): Taxation, growth, and resource extraction. A general equilibrium approach. In: European Economic Review, Vol. 19, No. 2: pp. 357-386 |
Abstract
This paper deals with taxation in a framework which is a synthesis between the neoclassical growth model, augmented by a (separable) sector of resource-extracting firms, and the Fisherian intertemporal general equilibrium model: market forces bring about the neoclassical optimal growth path under laissez faire, but taxation may result in welfare-reducing distortions. The taxes studied comprise ad valorem, capital-income, and capital-gains taxes, where the tax revenue is assumed to be redistributed in a lump-sum fashion. Particular attention is paid to the second-best problem of whether capital-income taxation should be supplemented by capitalgains taxation.
Item Type: | Journal article |
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Faculties: | Economics Economics > Chairs > Chair for Public Economics |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
ID Code: | 19908 |
Deposited On: | 15. Apr 2014 08:54 |
Last Modified: | 29. Apr 2016 09:17 |