Archivi tag: Xin Long

Lump-Sum Taxes in a R&D Model 

Is it possible to increase growth and welfare by raising taxes anddisposing of the tax revenues? We show this may indeed be the case in a simple model with endogenous technical change, represented by an increase in the variety of … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , | Lascia un commento

Factor Income Taxation in a Horizontal Innovation Model

We consider the optimal factor income taxation in a standard R&D model with technical change represented by an increase in the variety of intermediate goods. We show that the model has no transitional dynamics. Redistributing the tax burden from labor … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , , | Lascia un commento