Taxation and life cycle savings behaviour in a small open economy / by Denis Gauthier. : EC22-3/1986-306E-PDF

"In this paper, a multi-period life cycle growth model is used to examine the question of tax reform in the context of a small open economy. General equilibria for equal-yield income, wage and consumption tax systems are simulated, and their effects on welfare calculated, for three types of international arrangements concerning the taxation of foreign capital income. The results turn out to depend on the extent of foreign financing of domestic investment and the nature of the international tax arrangements. It is also shown that the results are quite sensitive to different assumptions about the domestic economy's interest rate elasticity of saving. In certain cases, changing the value of this elasticity leads to a reversal of conclusions concerning the welfare effects of a particular tax change"--Abstract, p. v.

Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.862833&sl=1

• Format MARC XML
• Format MARC HTML

Demander des formats alternatifs