Old-growth Policy
In: Ecology and society: E&S ; a journal of integrative science for resilience and sustainability, Band 12, Heft 2
ISSN: 1708-3087
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In: Ecology and society: E&S ; a journal of integrative science for resilience and sustainability, Band 12, Heft 2
ISSN: 1708-3087
In: Routledge studies in international business and the world economy 30
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct approximately all of their capital and R&D costs from sales revenue. Our analysis suggests that this policy leads to severe underinvestment in both R&D and physical capital. We find that firms should be allowed to deduct between 2-2.5 times their R&D costs and about 1.5-1.7 times their capital costs. Implementing the optimal policy mix is likely to entail huge welfare gains.
BASE
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct approximately all of their capital and R&D costs from sales revenue. Our analysis suggests that this policy leads to severe underinvestment in both R&D and physical capital. We find that firms should be allowed to deduct between 2-2.5 times their R&D costs and about 1.5-1.7 times their capital costs. Implementing the optimal policy mix is likely to entail huge welfare gains.
BASE
This paper develops a comprehensive endogenous growth framework to determine the optimal mix of growth policies. The analysis is novel in that we capture important elements of the tax-transfer system and fully take into account transitional dynamics in our numerical analysis. Currently, for calculating corporate taxable income US firms are allowed to deduct approximately all of their capital and R&D costs from sales revenue. Our analysis suggests that the status quo policy leads to severe underinvestment in both R&D and physical capital. We find that firms should be allowed to deduct between 2-2.5 times their R&D costs and about 1.5-1.7 times their capital costs from sales revenue. Implementing the optimal policy mix is likely to entail huge welfare gains.
BASE
In: CESifo Working Paper Series No. 3092
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SSRN
In: The Triple Challenge for Europe, S. 229-264
The Government of the North West Frontier Province requested, in the spring of 2007, an economic growth policy note as a follow up to the Provincial Economic Report of December 2005. The provincial government was in particular interested in analysis at the industry level of key industries with high growth potential, and a joint decision was quickly made to study the value chain of three industries; horticulture, furniture, and gems and jewelry. In addition to studying constraints to growth at the sector level, the intent has been to also have an in-depth analysis of the provincial investment climate in a chapter on crosscutting constraints. This would draw on data from the survey that would form the basis for the Second Investment Climate Assessment to be produced by the World Bank. The data from this survey has been delayed, so the crosscutting section of this policy note with the investment climate analysis will be presented in a follow up version of the policy note in the last quarter of 2008.
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In: Pergamon policy studies on business and economics
World Affairs Online
In: Zeitschrift für Nationalökonomie: Journal of economics, Band 29, Heft 1-2, S. 19-28
ISSN: 2304-8360
In: Studies of unionism in government
In: Challenge: the magazine of economic affairs, Band 64, Heft 4, S. 314-342
ISSN: 1558-1489
In: China report: a journal of East Asian studies = Zhong guo shu yi, Band 33, Heft 1, S. 1-34
ISSN: 0973-063X