Growth Effects of Income and Consumption Taxes

Growth Effects of Income and Consumption Taxes
Author: Mr.Gian Milesi-Ferretti
Publisher: International Monetary Fund
Total Pages: 38
Release: 1995-07-01
Genre: Business & Economics
ISBN: 1451848234

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The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the taxation of factor incomes (human and physical capital) is growth-reducing. The effects of consumption taxation on growth depend crucially on the elasticity of labor supply, and therefore on the specification of the leisure activity. The paper also derives some implications for the optimal intertemporal choice of tax instruments.


Growth Effects of Income and Consumption Taxes
Language: en
Pages: 38
Authors: Mr.Gian Milesi-Ferretti
Categories: Business & Economics
Type: BOOK - Published: 1995-07-01 - Publisher: International Monetary Fund

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The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and phys
Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture
Language: en
Pages: 42
Authors: Mr.Gian Milesi-Ferretti
Categories: Business & Economics
Type: BOOK - Published: 1995-08-01 - Publisher: International Monetary Fund

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Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice growt
Tax Policy Implications in Endogenous Growth Models
Language: en
Pages: 40
Authors: Bin Xu
Categories: Business & Economics
Type: BOOK - Published: 1994-03-01 - Publisher: International Monetary Fund

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This paper surveys the tax policy implications in various endogenous growth models. The focus is on the long-run growth effects of income, consumption, and inve
Macroeconomic and Distributional Effects of Personal Income Tax Reforms
Language: en
Pages: 32
Authors: Mrs.Sandra V Lizarazo Ruiz
Categories: Business & Economics
Type: BOOK - Published: 2017-09-01 - Publisher: International Monetary Fund

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This paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U.S. drawing on a multi-sector heterogenous agents m
Taxes and the Economy
Language: en
Pages: 520
Authors: W. A. Vermeend
Categories: Business & Economics
Type: BOOK - Published: 2008 - Publisher: Edward Elgar Publishing

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Since World War II OECD countries have increasingly used taxation to achieve a variety of economic policy objectives of which stimulating economic activity and