| dc.contributor | 財政系 | |
| dc.creator (作者) | 朱琇妍 | |
| dc.creator (作者) | Chu, Shiou-Yen | |
| dc.creator (作者) | Wu, Tsaur-Chin | |
| dc.date (日期) | 2022-09 | |
| dc.date.accessioned | 27-Dec-2022 10:32:41 (UTC+8) | - |
| dc.date.available | 27-Dec-2022 10:32:41 (UTC+8) | - |
| dc.date.issued (上傳時間) | 27-Dec-2022 10:32:41 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/142838 | - |
| dc.description.abstract (摘要) | This paper is the first attempt to adopt a dynamic stochastic general equilibrium (DSGE) framework with nominal price rigidity and monopolistic competition to compare the macroeconomic effects of unit and ad valorem capital taxes. Our results show that the welfare dominance between an ad valorem tax and a unit tax depends on their relative marginal costs. A higher marginal cost resulting from an increase in capital tax generates less consumption and more labor hours, leading to lower welfare. This result is robust to a varying elasticity of intertemporal substitution in consumption and a varying Frisch elasticity of labor supply, a varying degree of price rigidity and productive versus nonproductive public capital. In response to positive government spending shocks, our results indicate that when the increase in government spending is totally financed via capital taxation, a unit tax is superior to an ad valorem tax. | |
| dc.format.extent | 106 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | International Tax and Public Finance | |
| dc.subject (關鍵詞) | Capital tax; DSGE; Price rigidity; Government spending | |
| dc.title (題名) | Ad valorem versus unit taxes on capital in a dynamic stochastic general equilibrium model | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1007/s10797-022-09764-8 | |
| dc.doi.uri (DOI) | https://doi.org/10.1007/s10797-022-09764-8 | |
