Public expenditures taxation and welfare measurement
Autor(a) principal: | |
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Data de Publicação: | 1994 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/872 |
Resumo: | this article addresses the welfare and macroeconomics effects of fiscal policy in a frarnework where govemment chooses tax rates and the distribution of revenues between consumption and investment. We construct and simulate a model where public consumption affects individuaIs' utility and public capital is an argument of the production function. The simulations suggest that by simply reallocating expenditures from consumption to investment, the govemment can increase the equilibrium leveIs of capital stock, hours worked, output and labor productivity. Funhennore, we 'show that the magnitude and direction of the long run impact of fiscal policy depends on the size of the elasticity of output to public capital. If this parameter is high enough, it may be the case that capital stock, within limits, increases with tax rates. |
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Ferreira, Pedro CavalcantiEscolas::EPGEFGV2008-05-13T15:38:25Z2008-05-13T15:38:25Z1994-050104-8910http://hdl.handle.net/10438/872this article addresses the welfare and macroeconomics effects of fiscal policy in a frarnework where govemment chooses tax rates and the distribution of revenues between consumption and investment. We construct and simulate a model where public consumption affects individuaIs' utility and public capital is an argument of the production function. The simulations suggest that by simply reallocating expenditures from consumption to investment, the govemment can increase the equilibrium leveIs of capital stock, hours worked, output and labor productivity. Funhennore, we 'show that the magnitude and direction of the long run impact of fiscal policy depends on the size of the elasticity of output to public capital. If this parameter is high enough, it may be the case that capital stock, within limits, increases with tax rates.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;239Todo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessPublic expenditures taxation and welfare measurementinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaPolítica tributáriaDespesa públicaImpostosBem-estar econômicoEconomiareponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000061933.pdf000061933.pdfapplication/pdf1225084https://repositorio.fgv.br/bitstreams/481da397-1bbc-414e-9c0b-30d3441fb172/download99ae4b3bbc0b921d0941eab9d0557949MD51TEXT000061933.pdf.txt000061933.pdf.txtExtracted texttext/plain65505https://repositorio.fgv.br/bitstreams/e5c01aa7-b3db-4bfb-9863-b864a10dc133/download8ac440395de7f71fd926be1bcdc60364MD56THUMBNAIL000061933.pdf.jpg000061933.pdf.jpgGenerated Thumbnailimage/jpeg2306https://repositorio.fgv.br/bitstreams/724f3c29-bb87-497d-b19e-3bd2b127802d/download295e31c2bc44dc777feab5f2eca7c6deMD5710438/8722023-11-08 22:40:04.23open.accessoai:repositorio.fgv.br:10438/872https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-08T22:40:04Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Public expenditures taxation and welfare measurement |
title |
Public expenditures taxation and welfare measurement |
spellingShingle |
Public expenditures taxation and welfare measurement Ferreira, Pedro Cavalcanti Economia Política tributária Despesa pública Impostos Bem-estar econômico Economia |
title_short |
Public expenditures taxation and welfare measurement |
title_full |
Public expenditures taxation and welfare measurement |
title_fullStr |
Public expenditures taxation and welfare measurement |
title_full_unstemmed |
Public expenditures taxation and welfare measurement |
title_sort |
Public expenditures taxation and welfare measurement |
author |
Ferreira, Pedro Cavalcanti |
author_facet |
Ferreira, Pedro Cavalcanti |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Ferreira, Pedro Cavalcanti |
dc.subject.area.por.fl_str_mv |
Economia |
topic |
Economia Política tributária Despesa pública Impostos Bem-estar econômico Economia |
dc.subject.bibliodata.por.fl_str_mv |
Política tributária Despesa pública Impostos Bem-estar econômico Economia |
description |
this article addresses the welfare and macroeconomics effects of fiscal policy in a frarnework where govemment chooses tax rates and the distribution of revenues between consumption and investment. We construct and simulate a model where public consumption affects individuaIs' utility and public capital is an argument of the production function. The simulations suggest that by simply reallocating expenditures from consumption to investment, the govemment can increase the equilibrium leveIs of capital stock, hours worked, output and labor productivity. Funhennore, we 'show that the magnitude and direction of the long run impact of fiscal policy depends on the size of the elasticity of output to public capital. If this parameter is high enough, it may be the case that capital stock, within limits, increases with tax rates. |
publishDate |
1994 |
dc.date.issued.fl_str_mv |
1994-05 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:38:25Z |
dc.date.available.fl_str_mv |
2008-05-13T15:38:25Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/872 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/872 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;239 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
dc.source.none.fl_str_mv |
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FGV |
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FGV |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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