Taxes and the global allocation of capital

Journal of Monetary Economics

Volumn 55, Issue 1, 2008, Pages 48-61

  Backus, David ^a   Henriksen, Espen ^b   Storesletten, Kjetil ^b  

^a NEW YORK UNIVERSITY   (United States)

^b UNIVERSITY OF OSLO   (Norway)

Author keywords

Capital; Capital output ratio; International capital flows; Taxes

Indexed keywords

EID: 39549121797     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2007.11.008     Document Type: Article

References (21)

1. Abel, A.B., 2006. Optimal capital income taxation. Manuscript.
2. Auerbach A.J. Wealth maximization and the cost of capital. Quarterly Journal of Economics 93 (1979) 433-446
3. Auerbach, A.J., 2006. The future of capital income taxation. Manuscript.
4. Carey D., and Rabesona J. Tax ratios on labour and capital income and on consumption. OECD Economic Studies 35 (2002) 129-174
5. Congressional Budget Office. Taxing Capital Income: Effective Rates and Approaches to Reform (2005), Congressional Budget Office, Washington
6. Devereux, M.P., 2006. Developments in the taxation of corporate profit in the OECD since 1965: rates, bases, and revenues. Manuscript.
7. Devereux, M.P., Griffith, R., Klemm, A., 2002. Corporate income tax reforms and international tax competition. Economic Policy 450-495.
8. Feldstein M., and Horioka C. Domestic saving and international capital flows. Economic Journal 90 (1980) 314-329
9. Gomme P., and Rupert R. Theory, measurement and calibration of macroeconomic models. Journal of Monetary Economics 54 (2007) 460-497
10. Gordon R.H., and Hines J.R. International taxation. In: Auerbach A.J., and Feldstein M. (Eds). Handbook of Public Economics (2002), Elsevier, Amsterdam 1935-1995
11. Hassett K.A., and Hubbard R.G. Tax policy and business investment. In: Auerbach A.J., and Feldstein M. (Eds). Handbook of Public Economics (2002), Elsevier, Amsterdam 1293-1343
12. Hassler, J., Krusell, P., Storesletten, K., Zilibotti, F., 2008. On the timing of optimal capital taxation. Journal of Monetary Economics, forthcoming.
13. Hines J.R. Lessons from behavioral responses to international taxation. National Tax Journal 52 (1999) 305-322
14. Jorgenson D.W. Introduction and summary. In: Jorgenson D.W., and Landau R. (Eds). Tax Reform and the Cost of Capital (1993), Brookings, Washington 1-56
15. Kamps, C., 2006. New estimates of government net capital stocks for 22 OECD countries, 1960-2001. IMF Staff Papers 53, 120-150; 〈http://www.uni-kiel.de/ifw/forschung/netcap/netcap.htm〉 link to data.
16. King M.A. Taxation and the cost of capital. Review of Economic Studies 41 (1974) 21-35
17. King M.A., and Fullerton D. The theoretical framework. In: King M.A., and Fullerton D. (Eds). The Taxation of Income from Capital (1984), University of Chicago Press, Chicago 7-30
18. McGrattan E.R., and Prescott E.C. Taxes, regulations, and the value of US and UK corporations. Review of Economic Studies 72 (2005) 767-796
19. Mendoza E.G., Razin A., and Tesar L.L. Effective tax rates in macroeconomics: cross-country estimates of tax rates on factor incomes and consumption. Journal of Monetary Economics 34 (1994) 297-323
20. Mintz J. The corporation tax: a survey. Fiscal Studies 16 (1995) 23-68
21. Poterba J.M., and Summers L.H. The economic effects of dividend taxation. In: Altman E., and Subrahmanyam M. (Eds). Recent Advances in Corporate Finance (1985), Dow Jones-Irwin, Homewood 227-284