Convergence in Growth Rates
By:Assaf Razin
Published on 1992 by
We consider the role of capital mobility and international taxation.
In explaining the observed diversity in long-term growth rates.
Our major finding is that, under capital mobility, international differences in taxes will not matter for total growth differentials.
Policy differences have a role to play in per capita growth differentials, however, when they lead to a divergence in the after-tax rates of return on capital across countries, as when the residence principle is adopted universally.
When this is the case, how tax differences affect the growth rates of population and human capital will depend on the relative preference of the individual household towards these two engines of growth.
Optimal tax policies are found to be growth-equalizing with and without policy coordination.
This Book was ranked at 95 by Google Books for keyword International Taxes.
Book ID of Convergence in Growth Rates's Books is xUCyAAAAIAAJ, Book which was written by "Assaf Razin" have ETAG "rSjQKVpfFB8"
Book which was published by since 1992 have ISBNs, ISBN 13 Code is and ISBN 10 Code is UCSD:31822015044159
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