Nonlinear Effects of Taxation on Growth

We propose a model consistent with two observations. First, the tax rates adopted by different countries are generally uncorrelated with their growth performance. Second, countries that drastically reduce private incentives to invest severely hurt their growth performance. In our model, the effects...

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Bibliographic Details
Published in:The Journal of political economy 2017-02, Vol.125 (1), p.265-291
Main Authors: Jaimovich, Nir, Rebelo, Sergio
Format: Article
Language:English
Subjects:
Economic growth
Economic theory
Growth models
Growth rate
Growth rates
Median voter
Political economy
Studies
Tax increases
Tax rates
Taxation
Taxation economics
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