Tax reforms and investment: A cross-country comparison

被引：121

作者：

Cummins, JG

Hassett, KA

Hubbard, RG

机构：

[1] FED RESERVE SYST,BOARD GOVERNORS,WASHINGTON,DC 20551

[2] COLUMBIA UNIV,GRAD SCH BUSINESS,NEW YORK,NY 10027

[3] NATL BUR ECON RES,CAMBRIDGE,MA 02138

来源：

JOURNAL OF PUBLIC ECONOMICS | 1996年 / 62卷 / 1-2期

关键词：

tax reform; investment; q theory;

D O I：

10.1016/0047-2727(96)01580-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use firm-level panel data to explore the extent to which fixed investment responds to tax reforms in 14 OECD countries. Previous studies have often found that investment does not respond to changes in the marginal cost of investment. We identify some of the factors responsible for this finding, and employ an estimation procedure that sidesteps the most important of them. In so doing, we find evidence of statistically and economically significant investment responses to tax changes in 12 of the 14 countries.

引用

页码：237 / 273

页数：37

共 57 条

[1] THE PRESENT VALUE OF PROFITS AND CYCLICAL MOVEMENTS IN INVESTMENT [J].