Public Capital, Taxation And Endogenous Growth In A Finite Horizons Model

Toshiki Tamai

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Public Capital, Taxation And Endogenous Growth In A Finite Horizons Model

机译：有限视野模型中的公共资本，税收和内生增长

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This paper presents development of an endogenously growing finite horizons model with public capital, and investigates macroeconomic effects of fiscal policy and a change in life expectancy. Specifically regarding novel results, a growth-maximizing income tax rate exists that is less than the elasticity of public capital to output. In addition, in the model with income tax financing, there might exist an inverted-U-shaped relationship between life expectancy and growth, which is consistent with some empirical evidence. In this paper, we elucidate the interaction among public capital accumulation, taxes, growth, welfare and life expectancy.

机译：本文介绍了一种具有公共资本的内生增长有限视野模型的发展，并研究了财政政策的宏观经济效应和预期寿命的变化。特别是关于新颖的结果，存在最大化增长的所得税率，该增长率小于公共资本对产出的弹性。另外，在所得税融资模型中，预期寿命与增长之间可能存在倒U型关系，这与一些经验证据是一致的。在本文中，我们阐明了公共资本积累，税收，增长，福利和预期寿命之间的相互作用。

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《Metroeconomica》 |2009年第1期|179-196|共18页
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Toshiki Tamai;
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Public Capital, Taxation And Endogenous Growth In A Finite Horizons Model

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