The American Economic Review, Volume 97American Economic Association., 2007 |
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... investment sector , a tax on retail sales of investment goods , and a tax on capital income . Aside from having separate consumption and investment sectors , it is a con- ventional neoclassical growth model . We use this simple model to ...
... investment sector , a tax on retail sales of investment goods , and a tax on capital income . Aside from having separate consumption and investment sectors , it is a con- ventional neoclassical growth model . We use this simple model to ...
Página 567
... investment rates are affected by the two tax rates , but are unaffected by changes in sectoral TFP . We can then express the real investment rate as a function of the nominal investment rate and the relative price of capital : " ( 11 ) ...
... investment rates are affected by the two tax rates , but are unaffected by changes in sectoral TFP . We can then express the real investment rate as a function of the nominal investment rate and the relative price of capital : " ( 11 ) ...
Página 569
... investment rate by the same magnitude , but will have no effect on prices . Higher investment distortions and low TFP in investment relative to consump- tion will increase the relative price of capital and thus lower the real investment ...
... investment rate by the same magnitude , but will have no effect on prices . Higher investment distortions and low TFP in investment relative to consump- tion will increase the relative price of capital and thus lower the real investment ...
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