Tax Policy and Capital Allocation

作者: Dale W. Jorgenson , Kun-Young Yun

DOI: 10.2307/3439987

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摘要: Summary The purpose of this paper is to analyze the impact U.S. tax policy on efficiency capital allocation. To achieve objective, we employ an intertemporal general equilibrium model economy, implemented econometrically for annual data covering period 1955-1980. We present a detailed provisions law applicable income from capital. use paths corresponding alternative policies evaluate proposals reform. find that dramatic gains in economic welfare would result shift direct indirect taxation.

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