SPILL-OVER EFFECTS OF SUPPLY-SIDE CHANGES IN A 2-COUNTRY ECONOMY WITH CAPITAL ACCUMULATION
成果类型：
Article
署名作者：
ONO, Y; SHIBATA, A
署名单位：
Osaka Metropolitan University
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/0022-1996(92)90053-M
发表日期：
1992
页码：
127-146
关键词：
摘要：
Using a two-country dynamic optimization model with capital accumulation, we explore the effect of such supply-side changes as a rise in productivity and a reduction in the corporate tax rate on the equilibrium path and the welfare of two countries. The welfare effect consists of a tax distortion term and a wealth term. Those supply-side changes in the creditor country increase its welfare but unambiguously decrease the debtor country's welfare, as capital moves from the debtor country to the creditor country.