| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060713 | Economics Letters | 2011 | 4 Pages |
Abstract
⺠Exogenous consumption aspirations are included in a growth Barro-type setting. ⺠Raising income taxes favors growth even in the presence of lump-sum taxes. ⺠The income tax rate maximizing growth is increasing in the level of aspirations. ⺠Such policy is compatible with the behavior of taxes observed in actual economies.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Gustavo A. Marrero, Alfonso Novales,