SUPPLY-SIDE ECONOMICS AND ENDOGENOUS GROWTH

• 成果类型: Article
• 署名作者: IRELAND, PN
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/0304-3932(94)90043-4
• 发表日期: 1994
• 页码: 559-571
• 关键词: taxation; ONE-SECTOR GROWTH MODEL

摘要

In a simple convex model of endogenous growth, the expansionary effects of a deficit-financed tax cut are often strong enough to allow the government debt to be paid off in the long run without the need for subsequent tax increases. A permanent and substantial reduction in marginal rates of income taxation can provide for both vigorous real economic growth and long-run government budget balance.