@ARTICLE{16388935_1998,
    author = {Roubini, Nouriel}, 
    keywords = {accumulation of human capital, consumption taxation, fiscal policy, income taxation, tax policy, бюджетная политика, налоговая политика, налогообложение потребителей, обложение подоходным налогом, финансовая политика, человеческий капитал},
    title = {Growth Effects of Income and Consumption Taxes},
    journal = {Journal of Money, Credit, and Banking},
    year = {1998},
    month = {},
    volume = {30},
    number = {4},
    pages = {721-744},
    url = {http://ecsocman.hse.ru/text/16388935/},
    publisher = {},
    language = {ru},
    abstract = {The effects of income and consumption taxation are examined in the 
context of models in which the growth process is driven by the 
accumulation of human and physical capital. The different channels 
through which these taxes affect economic growth are discussed, and 
it is shown that in general the taxation of factor incomes (human and 
physical capital) is growth-reducing. The effects of consumption 
taxation on growth depend crucially on the elasticity of labor 
supply, and therefore on the specification of the leisure activity. 
The paper also derives implications for the optimal intertemporal 
choice of tax instruments. },
    annote = {The effects of income and consumption taxation are examined in the 
context of models in which the growth process is driven by the 
accumulation of human and physical capital. The different channels 
through which these taxes affect economic growth are discussed, and 
it is shown that in general the taxation of factor incomes (human and 
physical capital) is growth-reducing. The effects of consumption 
taxation on growth depend crucially on the elasticity of labor 
supply, and therefore on the specification of the leisure activity. 
The paper also derives implications for the optimal intertemporal 
choice of tax instruments. }
}