Tax Policy for Economic Recovery and Growth

• 成果类型: Article
• 署名作者: Arnold, Jens Matthias; Brys, Bert; Heady, Christopher; Johansson, Asa; Schwellnus, Cyrille; Vartia, Laura
• 署名单位: University of Kent
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2010.02415.x
• 发表日期: 2011
• 页码: F59-F80
• 关键词: output; input; MODEL

摘要

This article identifies tax policy that both speeds recovery from the current economic crisis and contributes to long-run growth. This is a challenge because short-term recovery requires increases in demand while long-term growth requires increases in supply. As short-term tax concessions can be hard to reverse, this implies that policies to alleviate the crisis could compromise long-run growth. The analysis makes use of recent evidence on the impact of tax structure on economic growth to identify which growth-enhancing tax changes can also aid recovery, taking account of the need to protect those on low incomes.