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Land-Tax, Transfer and Growth in an Endogenously Growing Economy with Overlapping Generations

Land-Tax, Transfer and Growth in an Endogenously Growing Economy with Overlapping Generations Abstract In this paper we investigate the effect of a tax on land rent on the growth rate of capital in a growing economy with overlapping generations. A tax on land rent has a potential to increase the growth rate of capital. If the model is extended to allow the tax revenue to be refunded to individuals, a tax on land rent may deter growth to the extent that the tax revenue is transferred to the older generation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Japanese Economic Review Springer Journals

Land-Tax, Transfer and Growth in an Endogenously Growing Economy with Overlapping Generations

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References (15)

Publisher
Springer Journals
Copyright
1998 Japanese Economic Association
ISSN
1352-4739
eISSN
1468-5876
DOI
10.1111/1468-5876.00093
Publisher site
See Article on Publisher Site

Abstract

Abstract In this paper we investigate the effect of a tax on land rent on the growth rate of capital in a growing economy with overlapping generations. A tax on land rent has a potential to increase the growth rate of capital. If the model is extended to allow the tax revenue to be refunded to individuals, a tax on land rent may deter growth to the extent that the tax revenue is transferred to the older generation.

Journal

The Japanese Economic ReviewSpringer Journals

Published: Dec 1, 1998

Keywords: economics, general; microeconomics; macroeconomics/monetary economics//financial economics; econometrics; development economics; economic history

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