A tale of two taxes: State‐dependency of tax policy

IF 0.9 4区 经济学 Q3 ECONOMICS
Kerim Arin, Emin Gahramanov, Tolga Omay, Mehmet Ulubasoglu
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引用次数: 0

Abstract

Abstract In this paper, we build a simple endogenous growth model with labour and corporate taxes to investigate the asymmetric effects of tax policy over the growth trajectory. We employ a newly developed panel smooth transition model to empirically analyse a sample of 19 advanced economies over the 1961–2017 period. We find that both the asymmetric effects and the tax measures used are essential. We also find that the effects of corporate and personal taxes on long‐run growth are non‐linear, while the detrimental effects of personal taxes are empirically larger compared to those of corporate taxes once non‐linearities are controlled for.
两个税的故事:国家依赖税收政策
摘要本文建立了一个包含劳动税和公司税的简单内生增长模型,研究税收政策对经济增长轨迹的不对称效应。我们采用新开发的面板平滑过渡模型对1961-2017年期间19个发达经济体的样本进行实证分析。我们发现,不对称效应和使用的税收措施都是必不可少的。我们还发现,公司税和个人税对长期增长的影响是非线性的,而一旦非线性得到控制,个人税的有害影响在经验上比公司税的有害影响更大。
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来源期刊
CiteScore
1.80
自引率
0.00%
发文量
28
期刊介绍: The Scottish Journal of Political Economy is a generalist journal with an explicitly international reach in both readership and authorship. It is dedicated to publishing the highest quality research in any field of economics, without prejudice to the methodology or to the analytical techniques used. The editors encourage submissions in all fields of economics in order to provide practical contributions to the literature, and to further the influence of economics in the world of practical affairs.
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