Taxation and Economic Growth |
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| Authors: | Pign WangChong K Yip |
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| Institution: | [Ping Wang, PhD is assistant professor of economies, The pennsylvania State University University Park PA 16802, Chong K Yip, Ph D, is assistant prolessor of economies Georgea State University Atlantt GA 30303] |
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| Abstract: | A bstract The effects of vorious tax policies on economic growth are recx amined on the basis of the recently developed endogenous growth therory The assertion of Henry George that the structure of taxation is more important than the level of taxation in explaining economic growth is elaborated and verified Annual data for Taiwan from 1954 to 1986 shows that the aggregate tax rate does not have significant effect on the long run growth rates of private ouptup, consumption and production factor inputs This result is due to the poostivie effect of consumption taxation offsetting the negative effect of factor taxation on economic growth |
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