首页 | 本学科首页   官方微博 | 高级检索  
     


Taxation, growth, and the spirit of capitalism
Authors:Wen-ya Chang   Hsueh-fang Tsai  Ching-chong Lai  
Affiliation:a Department and Graduate Institute of Economics, Fu-Jen Catholic University, Hsinchuang, Taipei 24205, Taiwan;b Institute of Economics, National Sun Yat-Sen University, Kaohsiung 804, Taiwan;c Sun Yat-Sen Institute for Social Sciences and Philosophy, Academia Sinica, Taipei 115, Taiwan;d Institute of Economics, Academia Sinica, Taipei 115, Taiwan;e Department of Economics, National Taiwan University, Taipei 100, Taiwan
Abstract:This paper uses a general two-sector model of endogenous growth to examine how the spirit of capitalism affects the relation between public finance and growth. The spirit of capitalism is defined as acquisitive personal objectives. We find that if the spirit of capitalism is present, an increase in the share of government spending in output reduces the long-run growth rate. The negative relationship between fiscal spending and growth is consistent with empirical evidence.
Keywords:The spirit of capitalism   Fiscal spending   Lump-sum taxes   Endogenous growth
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号