Growth Effects of Income and Consumption Taxes
在人力资本和物质资本积累驱动增长的模型中，分析所得税和消费税如何通过不同渠道影响经济增长，并指出税收效应取决于人力资本部门是否为市场部门、积累技术及休闲活动的设定。
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. It is shown that the effects of taxation on growth depend crucially on whether the sector producing human capital is a market sector, on the technology for human capital accumulation and on the specification of the leisure activity. In general, the taxation of factor incomes (human and physical capital) is growth-reducing, while the effects of a consumption tax depend on the specification of leisure. The paper also derives implications for the growth-maximizing choice of tax instruments.