Growth and welfare maximization in models of public finance and endogenous growth

Arbeitspapier

This paper evaluates the trade-off between growth and welfare maximization from two perspectives. Firstly, it synthesizes and extends endogenous growth models with public finance to compare growth and welfare maximizing tax rates. Secondly, it examines the distinct model outcomes in terms of their growth rates and welfare levels. This comparison highlights the range of trade-offs: the growth maximizing tax rate can be above, below, or equal to the welfare maximizing equivalent. We find however that even relatively large differences in growth and welfare maximizing tax rates translate into relatively small differences in growth rates, and, in some cases, welfare levels.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ZEW Discussion Papers ; No. 11-041

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policy ; Taxation and Subsidies: Efficiency; Optimal Taxation ; National Government Expenditures and Related Policies: General ; Economic Growth and Aggregate Productivity: General
• Thema: Economic Growth ; Productive Public Spending ; Optimal Fiscal Policy

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Misch, Florian ; Gemmell, Norman ; Kneller, Richard
• Ereignis: Veröffentlichung
• (wer): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (wo): Mannheim
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/48159
• URN: urn:nbn:de:bsz:180-madoc-31910
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ