Download or read book Inflation Tax Rules and the Accumulation of Residential and Nonresidential Capital written by Martin S. Feldstein and published by . This book was released on 1981 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of the capital stock with particular emphasis on the role of owner-occupied housing. The analysis is developed in the framework of an economy that is in equilibrium and in which a constant fraction of disposable income is saved. In this model, I show that, with current U.S. tax laws, an increase in the rate of inflation reduces the equilibrium amount of business capital employed in the economy and raises the amount of housing capital. The analysis also shows that a higher rate of inflation lowers the real net-of-tax rate of return to the provider of business capital. In a richer model than the current one, i.e., in a model in which the rate of personal saving was an increasing function of the net rate of return, a higher inflation rate would therefore lower the rate of saving. The present analysis also shows that permitting firms to depreciate investments more rapidly for tax purposes increases the accumulations of business capital but that, unless firms are permitted to expense all in- vestment immediately, an increase in in£ lat ion continues to depress the accumulation of business capital.
Download or read book Inflation Tax Rules and Capital Formation written by Martin Feldstein and published by University of Chicago Press. This book was released on 2009-05-15 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.
Download or read book Long Run Effects of Short Run Stabilization Policy written by Lars Calmfors and published by Springer. This book was released on 1983-06-18 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Taxation written by Martin S. Feldstein and published by Harvard University Press. This book was released on 1983 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Feldstein shows how systems of taxation influence the rate and nature of capital formation--key to the development of any economy. His identification of important economic and policy questions, adroit use of modeling and new data, and careful attention to dynamics make this book a powerful addition to the literature.
Download or read book Increasing Productivity and Administrability of the Tax Code written by United States. Congress. Senate. Committee on Finance. Subcommittee on Oversight of the Internal Revenue Service and published by . This book was released on 1984 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of the Tax System on Productivity and Economic Growth written by United States. Congress. Senate. Committee on Finance. Subcommittee on Oversight of the Internal Revenue Service and published by . This book was released on 1984 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brookings Wharton Papers on Urban Affairs 2000 written by William G. Gale and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed to reach a wide audience of scholars and policymakers, the Brookings-Wharton Papers on Urban Affairs 2000 is an annual series that serves as a forum for cutting-edge, accessible research on urban policy. The editors seek to integrate broader research into the urban policy discussion by bringing urban studies scholars together with economists and researchers studying subjects with important urban implications. The six papers in this inaugural volume are divided into two sections. The first three assess the state of urban research and policy. The others address important aspects of the urban economy: education, racial segregation, and federal housing policies.
Download or read book The Effects of Taxation on Capital Accumulation written by Martin Feldstein and published by University of Chicago Press. This book was released on 2009-05-15 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on capital formation has long been a major focus of studies sponsored by the National Bureau of Economic Research because of the crucial role of capital accumulation in the process of economic growth. The papers in this volume examine the influence of taxes on capital formation, with specific focus on the determinants of saving and the process of investment in plant and equipment.
Download or read book The Federal National Mortgage Association in a Changing Economic Environment written by United States. General Accounting Office and published by . This book was released on 1985 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxation written by Clemens August Andreae and published by . This book was released on 1987 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Open Economy Macroeconomics written by Helmut Frisch and published by Springer. This book was released on 2016-07-27 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.
Download or read book The Economics of Zoning Laws written by William A. Fischel and published by JHU Press. This book was released on 1987-08 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land use controls can affect the quality of the environment, the provision of public services, the distribution of income and wealth, the development of natural resources, and the growth of the national economy. The Economics of Zoning Laws is the first book to apply the modern economic theory of property rights to all major aspects of zoning. Zoning laws are neither irrational constrints on otherwise efficient markets nor disinterested attempts to correct market failure. Rather, zoning must be viewed as a collective property right, vested in local governments and administered by politicians who rationally repsond to their constituents and to developers as markets for development rights arise. The Economics of Zoning Laws develops the economic theories of property rights and public choice and applies them to three zoning controversies: the siting of a large industrial plant, the exclusionary zoning of the suburbs, and the constitutional protection of propery owners from excessive regulation. Economic and legal theory, William Fischel contends, suggest that payment of damages under the taking clause of the Constitution may provide the most effective remedy for excessive zoning regulations.
Download or read book Office of Real Estate Research Paper written by and published by . This book was released on 1985 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mainstream Growth Economists and Capital Theorists written by Marin Muzhani and published by McGill-Queen's Press - MQUP. This book was released on 2014-06-01 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream Growth Economists and Capital Theorists provides a historical survey and ideal introduction to modern economics, arguing that due to significant changes in recent years, a re-evaluation is in order. Marin Muzhani presents an informed study of the debates regarding economic growth and development that began in the 1930s in response to the Great Depression. He argues that in the wake of that crisis, the challenge for economists was to understand how to generate stable economic growth in order to prevent future crises. The theories of John Maynard Keynes, in particular, sought to explain the reasons for unemployment and recessions, paving the way for the field of macroeconomics and challenging the basic premises of neoclassical economics. In the late 1930s and 1940s, economists began to extend Keynes' ideas, synthesizing them with neoclassical ideas in order to explain economic growth. This "neoclassical synthesis" would dominate mainstream macroeconomic thought for the next forty years until the mid-1980s with the introduction of endogenous growth theories. Taking into account the historical background, the multitude of interpretations of modern growth models, and the geography of mainstream economists, Mainstream Growth Economists and Capital Theorists will simplify the structure of growth theory for the next generation of economists.
Download or read book Removing Obstacles to Economic Growth written by Michael L. Wachter and published by University of Pennsylvania Press. This book was released on 2016-11-11 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unsatisfactory performance of the United States economy during the 1970s generated considerable debate over potential new directions for economic policy. This volume, the result of the second Wharton/Reliance Symposium held in May 1983, presents and analyzes a range of economic policy options. The focus of the volume is on potential policy remedies for the economic problems of slow real output and productivity growth. Given the range of issues covered and the alternative viewpoints presented, this collection does not search for an overall policy consensus. To focus on consensus would have required narrowing both the subject matter and the distinctive viewpoints that are presented here. The result is an open discussion of a set of existing and innovative policy options. Contributors include Henry A. Kissinger, former Secretary of State; Nobel Laureate Lawrence R. Klein, Lester C. Thurow, Professor of Economics and Management at Massachusetts Institute of Technology, Senator Alan Cranson; Alfred E. Kahn, Chairman of the Council on Wage and Price Stability under President Carter; William W. Winpisinger, International President of the International Association of Machinists and Aerospace Workers; and Justine Farr Rodriguez, Senior Economist with the U.S. Office of Management and Budget, among many others.
Download or read book Journal of Economic Literature written by and published by . This book was released on 1984 with total page 1060 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Human Capital and Economic Growth written by Jacob Mincer and published by . This book was released on 1981 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individuals differ in both inherited and acquired abilities, but only the latter differ among countries and time periods. Human capital analysis deals with acquired capabilities which are developed through formal and informal education at school and at home, and through training, experience, and mobility in the labor market. Just as accumulation of personal human capital produces individual economic (income) growth, so do the corresponding social or national aggregates. At the national level, human capital can be viewed as a factor of production coordinate with physical capital. This implies that its contribution to growth is greater the larger the volume of physical capital and vice versa. The framework of an aggregate production function shows also that the growth of human capital is both a condition and a consequence of economic growth. Human capital activities involve not merely the transmission and embodiment in people of available knowledge, but also the production of new knowledge which is the source of innovation and of technical change which propels all factors of production. This latter function of human capital generates worldwide economic growth regardless of its initial geographic locus. Contrary to Malthus, economic growth has not been eliminated by population growth. Indeed, spatial and temporal patterns of the "demographic transition" appear to be congruent with economic growth. Human capital is a link which enters both the causes and effects of these economic-demographic changes.
