Land-Tax, Transfer and Growth in an Endogenously Growing Economy with Overlapping Generations |
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| Authors: | Hiroyuki Hashimoto & Masaya Sakuragawa |
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| Institution: | Kobe University of Commerce,;Nagoya City University |
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| 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.
JEL Classification numbers: H31, O41. |
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