Growth effect of taxes in an endogenous growth model: to what extent do taxes affect economic growth?
Article Abstract:
Research was conducted to examine the growth effect of taxes in an endogenous growth model comprising financial physical and human capital and incorporating major features of a general tax system. Technology and preference parameters were used that were consistent with the actual growth experiences of an East Asian newly industrializing country and the US. Results indicate that cross-country differences in technology or residuals account for about 70% of the growth difference.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1998
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Optimality conditions and comparative statics for horizon and endpoint choices in optimal control theory
Article Abstract:
Optimal control is known to require first-order necessary conditions for choosing the horizon and endpoints. Second-order necessary conditions are derived. An economic interpretation for two popular economic models are provided. Primal and primal-dual methods characteriize the comparative static properties of the endpoint and horizon choices. An example of the comparative static results is also presented.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1995
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A dynamic portfolio choice model of tax evasion: Comparative statics of tax rates and its implication for economic growth
Article Abstract:
While tax rates repress in the static model or encourage tax evasion in the dynamic model, this paper shows that tax rates decrease where there is no tax evasion but is U-shaped when there is tax evasion.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2001
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