Corporate taxes, growth and welfare in a Schumpeterian economy
نویسندگان
چکیده
منابع مشابه
Corporate Taxes, Growth and Welfare in a Schumpeterian Economy (Running Title: Corporate Taxes and Welfare)
I take a new look at the long-run implications of taxation through the lens of modern Schumpeterian growth theory. I focus on the latest vintage of models that sterilize the scale effect through a process of product proliferation that fragments the aggregate market into submarkets whose size does not increase with the size of the workforce. I show that the following interventions raise welfare:...
متن کاملCorporate taxes, growth and welfare in a Schumpeterian economy
I take a new look at the long-run implications of taxation through the lens of modern Schumpeterian growth theory. I focus on the latest vintage of models that sterilize the scale effect through a process of product proliferation that fragments the aggregate market into submarkets whose size does not increase with the size of the workforce. I show that the following interventions raise welfare:...
متن کاملGrowth, Cycles and Welfare: A Schumpeterian Perspective∗
We use a Schumpeterian model in which both the economys growth rate and its volatility are endogenously determined to assess some welfare and policy implications associated with business cycle ßuctuations. Because it features a higher average growth rate than its acyclical counterpart, steady state welfare is higher along the cyclical equilibrium growth path of the model. We assess the impact...
متن کاملResource abundance, growth and welfare: A Schumpeterian perspective
Article history: Received 22 February 2010 Received in revised form 6 December 2010 Accepted 10 December 2010 JEL classification: E10 L16 O31 O40
متن کاملTowards a dynamic (Schumpeterian) welfare economics
Knowledge plays an increasingly important role in shaping the dynamics of an economy. A static Paretian welfare economics is therefore inadequate, and needs to be supplemented by a dynamic (Schumpeterian) welfare theory. A dynamic welfare economics acknowledges the role of knowledge and communication. As knowledge develops cumulatively in a social environment, knowledge may not be readily diffu...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2007
ISSN: 0022-0531
DOI: 10.1016/j.jet.2006.11.005