TY  - JOUR
TI  - Growth Effects of Income and Consumption Taxes
T2  - Journal of Money, Credit, and Banking
IS  - 4
KW  - accumulation of human capital
KW  - consumption taxation
KW  - fiscal policy
KW  - income taxation
KW  - tax policy
KW  - бюджетная политика
KW  - налоговая политика
KW  - налогообложение потребителей
KW  - обложение подоходным налогом
KW  - финансовая политика
KW  - человеческий капитал
AB  - 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. 
AU  - Roubini, Nouriel
UR  - http://ecsocman.hse.ru/text/16388935/
PY  - 1998
SP  - 721-744
M2  - 721
VL  - 30
SN  - 
N1  - 
LA  - EN
CY  - 
PB  - 
M3  - 
LB  - 
VL  - 
ER  -