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Tax Competition, Investment Irreversibility and the Provision of Public Goods
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Michele Moretto
Veröffentlicht/Copyright:
30. November 2019
Abstract
This article studies the effects of tax competition on the provision of public goods under business risk and partial irreversibility of investment. As will be shown, the provision of public goods changes over time and also depends on the business cycle. In particular, under source-based taxation, in the short term, public goods can be optimally provided during a downturn. The converse is true during a recovery: in this case, they are underprovided. In the long term, however, tax competition does not affect capital accumulation. This means that the provision of public goods is unaffected by taxation.
Published Online: 2019-11-30
Published in Print: 2015-12-01
© 2019 by Walter de Gruyter Berlin/Boston
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Artikel in diesem Heft
- Economic Factors of Victimization: Evidence from Germany
- Tax Competition, Investment Irreversibility and the Provision of Public Goods
- Itemised Deductions: A Device to Reduce Tax Evasion
- Risk-Off Episodes and Swiss Franc Appreciation: The Role of Capital Flows
- A Crook is a Crook . . . But is He Still a Crook Abroad? On the Effect of Immigration on Destination-Country Corruption
- Another Look at the Equity Risk Premium Puzzle
- Acknowledgements
- Index: Volume 16, 2015
Schlagwörter für diesen Artikel
Irreversibility;
risk;
short- and long-term effects;
tax competition
Artikel in diesem Heft
- Economic Factors of Victimization: Evidence from Germany
- Tax Competition, Investment Irreversibility and the Provision of Public Goods
- Itemised Deductions: A Device to Reduce Tax Evasion
- Risk-Off Episodes and Swiss Franc Appreciation: The Role of Capital Flows
- A Crook is a Crook . . . But is He Still a Crook Abroad? On the Effect of Immigration on Destination-Country Corruption
- Another Look at the Equity Risk Premium Puzzle
- Acknowledgements
- Index: Volume 16, 2015
