小型开放经济体中资本货物贸易的拉姆齐所得税

Jenny Tang
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摘要

摘要本文研究了小型开放经济中存在国际资本或投资品贸易的最优税收问题。一个小型开放经济体对贸易条件的垄断力量导致了消费和投资的扭曲。结果表明,由于投资的外部扭曲,在基线校准下,长期最优资本所得税可能是正的,并且投资开放程度增加,国内外商品之间的替代弹性降低。长期最优劳动所得税与开放性和弹性参数呈相反关系。在经济周期过程中,外部扭曲的波动导致最优劳动所得税比封闭经济中的最优劳动所得税波动更大,而最优资本所得税波动更小。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Ramsey income taxation in a small open economy with trade in capital goods
Abstract In this paper, the optimal taxation problem in a small open economy with international trade in capital or investment goods is investigated. The monopolistic power of a small open economy over the terms of trade causes distortions in consumption and investment. The results suggest that due to the external distortion in investment, the long-run optimal capital income tax could be positive under the baseline calibration, and it is increasing in the degree of investment openness and decreasing in the elasticity of substitution between domestic and foreign goods. The long-run optimal labor income tax exhibits the opposite relationships with the openness and elasticity parameters. During the course of business cycles, the fluctuations in the external distortions cause the optimal labor income tax to be more volatile and the optimal capital income tax to be less volatile than their closed-economy counterparts.
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