Loading...
|
Please use this identifier to cite or link to this item:
https://nccur.lib.nccu.edu.tw/handle/140.119/49966
|
| Title: | 實質與貨幣內生成長模型的稅制改革政策
Tax reform policies in real and monetary models of endogenous growth |
| Authors: | 李國豪
Lee, Kuo Hao |
| Contributors: | 張文雅
Chang, Wen Ya
李國豪
Lee, Kuo Hao |
| Keywords: | 稅制改革
內生成長
生育率
預付現金
Tax Reform
Endogenous Growth
Fertility Rate
Cash-in-Advance |
| Date: | 2009 |
| Issue Date: | 2010-12-09 14:52:49 (UTC+8) |
| Abstract: | 本論文在實質與貨幣內生成長模型中探討政府租稅的效果，而其中又以稅制改革政策為主角。 在第二章中，我們將內生生育率的概念引入了Romer (1986)的實質經濟成長模型，並說明當政府在維持稅收中立的原則下將所得稅制轉換為消費稅制時，將可能對經濟成長與社會福利有所傷害。而後我們也提供了一些數值模擬以支持我們的論點。至於第三章，我們將勞動供給內生的概念引入一個有預付現金限制(Cash-in-Advance)的貨幣經濟成模型，在本章中我們得到了所謂「Mundell-Tobin Effect」與「消費稅中立性」的成立與否，將取決於政府稅收的用途；接著我們把焦點放在資本的生產外部性與消費稅所造成的扭曲上並導出最適貨幣政策；最後，在維持政府的支出水準下，我們得到將消費稅制轉換為通膨稅制時，將對經濟成長有正面的效果。
The dissertation provides a theoretical framework to investigate the effects of tax policies, especially the tax reform, in real and monetary models of endogenous growth. In Chapter 2, by shedding light on the endogenous fertility choice, we set up a simple Romer (1986)-type endogenous growth model and show that, in a departure from the existing literature, a switch from a decrease in income tax rate to an increase in consumption tax rate so as to ensure a revenue-neutrality could be harmful, rather than favorable, to both growth and welfare. In addition, we also conduct a simple numerical analysis to investigate the conditions in which the negative effect on growth and welfare occurs.
As to the monetary model, an endogenous growth model with endogenous labor-leisure choice and cash-in-advance (CIA) constraint which is only imposed on consumption is established in Chapter 3. Through the model, we found that the Mundell-Tobin effect and the validity of consumption tax neutrality depend on the usages of tax revenue. Next, focusing on the distortions due to the production externality of capital and consumption tax, the optimal monetary policy is also derived. Finally, we show that a switch from consumption taxation to inflation taxation to finance a given stream of government expenditure, namely tax switch, enhances economic growth through the increase in labor supply in a CIA economy and the qualitative equivalence between MIU and CIA approaches is still valid. |
| Reference: | Abel, A. B. and Blanchard, O. J., 1983, “An Intertemporal Model of Saving and Investment,” Econometrica 51, 675-692.
Auerbach, A. J., Kotlikoff, L. J. and Skinner, J., 1983, “The Efficiency Gains from Dynamic Tax Reform,” International Economic Review 24, 81-100.
Auerbach, A. J. and Kotlikoff, L. J. 1987, Dynamic Fiscal Policy, Cambridge: Cambridge University Express.
Auerbach, A. J. and Obstfeld, M. 2004, “Monetary and Fiscal Remedies for Deflation,” American Economic Review 94: Papers and Proceedings, 71-75.
Auerbach, A. J. and Obstfeld, M. 2005, “The Case for Open-Market Purchase in a Liquidity Trap,” American Economic Review 95, 110-137.
Barro, R. J. and Becker, G. S., 1989, “Fertility Choice in a Model of Economic Growth,” Econometrica 57, 481-501.
Barro, R. J., 1995, “Inflation and Economic Growth,” Bank of England Quarterly Bulletin, 166-176.
Barro, R. J. and Sala-i-Martin, X., 2004, Economic Growth, 2nd Ed., Cambridge, MA: MIT Press.
Batina, R. G., 1987, “The Consumption Tax in the Presence of Altruistic Cash and Human Capital Bequests with Endogenous Fertility Decisions,” Journal of Public Economics 34, 329-354.
Becker, G. S., 1988, “Family Economics and Macro Behavior,” American Economic Review 78, 1-13.
Braun, R. A. 1994, “Tax Disturbances and Real Economic Activity in the Postwar United States,” Journal of Monetary Economics 33, 441-462.
Buiter, W. H., 1984, “Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples,” Econometrica 52, 665-680.
Bullard, J. and Keating, J. W., 1995, “The Long-Run Relationship between Inflation and Output in Postwar Economies,” Journal of Monetary Economics 36, 477-496.
Chamley, C., 1985, “Efficient Tax Reform in a Dynamic Model of General Equilibrium,” Quarterly Journal of Economics 100, 335-356.
Chang, W. Y., Hsieh, Y. N., and Lai, C. C., 2000, “Social Status, Inflation, and Endogenous Growth in a Cash-in-Advance Economy” European Journal of Political Economy 16, 535-545.
Chatterjee, S. and Turnovsky, S. J., 2007, “Foreign Aid and Economic Growth: The Role of Flexible Labor Supply,” Journal of Development Economics 84, 507-533.
Chen, S. H. and Guo, J. T., 2008, “Velocity of money, equilibrium (in)determinacy and endogenous growth,” Journal of Macroeconomics 30, 1085-1096.
Christiano, L. J. 1988, “Why Does Inventory Investment Fluctuate So Much?” Journal of Monetary Economics 21, 247-280.
Clower, R., 1967, “A Reconsideration of the Microfoundations of Monetary Theory,” Western Economic Journal 6, 1-9.
Cooley, T. F. and Hansen, G. D., 1992, “Tax Distortions in a Neoclassical Monetary Economy,” Journal of Economic Theory 58, 290-316.
Cunha, A. B., 2008, “The Optimality of the Friedman Rule When Some Distorting Taxes are Exogenous,” Economic Theory 35, 267-291.
De Gregorio, J., 1993, “Inflation, Taxation, and Long-Run Growth,” Journal of Monetary Economics 31, 271-298.
Devereux, M. B. and Love, D. R. F., 1995, “The Dynamic Effects of Government Spending Policies in a Two-Sector Endogenous Growth Model,” Journal of Money, Credit, and Banking 27, 232-256.
Dotsey, M. and Sarte, P. D., 2000, “Inflation Uncertainty and Growth in a Cash-in-Advance Economy,” Journal of Monetary Economics 45, 631-655.
Eckstein, Z. and Wolpin, K. I., 1985, “Endogenous Fertility and Optimal Population Size,” Journal of Public Economics 27, 93-106.
Eckstein, Z., Stern, S. and Wolpin, K. I., 1988, “Fertility Choice, Land, and the Malthusian Hypothesis,” International Economic Review 29, 353-361.
Ermisch, J., 1986, “Impacts of Policy Actions on the Family and Household,” Journal of Pubic Policy 6, 297-318.
Friedman, M., 1969, “The Optimum Quantity of Money,” The Optimum Quantity of Money and Other Essays, London: Macmillan.
Galí, J. 1994, “Government Size and Macroeconomic Stability,” European Economic Review 38, 117-132.
Gavin, M. and Roberto P., 1997, “Fiscal Policy in Latin America,” NBER Macroeconomics Annual 12, MIT Press: Cambridge, Massachusetts, 11-61.
Gomme, P., 1993, “Money and Growth Revisited: Measuring the Costs of Inflation in an Endogenous Growth Model,” Journal of Monetary Economics 32, 51-77.
Grant, J. et al., 2004, “Low Fertility and Population Ageing: Causes, Consequences, and Policy Options,” Santa Monica: RAND.
Greenwood, J. and Huffman, G. W. 1991, “Tax Analysis in a Real Business Cycle Model: on Measuring Harberger Triangles and Okun Gaps,” Journal of Monetary Economics 27, 167-190.
Guo, J. T. and Harrison, S. G., 2004, “Balanced-Budget Rules and Macroeconomic (in)stability,” Journal of Economic Theory 119, 357-363.
Gylfason, T. and Herbertsson, T. T., 2001, “Does Inflation matter for Growth,” Japan and the World Economy 13, 405-428.
Ho, W. H., Zeng, J. and Zhang, J., 2007, “Inflation Taxation and Welfare with Externalities and Leisure,” Journal of Money, Credit, and Banking 39, 105-131.
Itaya, J. I., 1991, “Tax Incidence in a Two-Sector Growing Economy with Perfect Foresight: Long-Run Analysis,” Journal of Public Economics 44, 95-118.
Itaya, J. I., 1998, “Money, Neutrality of consumption Taxes, and Growth in intertemporal Optimizing Models,” Japanese Economic Review 49, 395-411.
Johansson, Å., Heady, C., Arnold, J., Brys, B. and Vartia, L., 2008, “Tax and Economic Growth,” OECD Working Papers 28.
Kaneko, A. and Matsuzaki, D., 2009, “Consumption tax and Economic Growth in an overlapping generations Model with money holdings,” Journal of Economics 98, 155-175
King, R., Plosser, C. I., and Rebelo, S. T., 1988, “Production, Growth, and Business Cycle II: New Direction,” Journal of Monetary Economics 21, 309-342.
Kobayashi, Y., 1996, “Endogenous Fertility and the Consumption Tax,” Japanese Economic Review 47, 313-321.
Kocherlakota, N. R., 2005, “Optimal Monetary Policy: What We Know and What We Don’t Know,” Federal Reserve Bank of Minneapolis Quarterly Review 29, 10-19.
Lucas, R. E. Jr., 1980, “Equilibrium in a Pure Currency Economy,” Economic Inquiry 18, 203-220.
Lucas, R. E. Jr., 1988, “On the Mechanics of Economic Development,” Journal of Monetary Economics 22, 3-42.
Lucas, R. E. Jr., 1990, “Supply-Side Economics: An Analytical Review,” Oxford Economic Papers 42, 293-316.
Lucas, R. E. Jr. and Stokey, N. L., 1983, “Optimal Fiscal and Monetary Policy in an Economy Without Capital,” Journal of Monetary Economics 12, 55-93.
Marquis, M. H. and Reffett, K. L., 1991, “Real Interest Rates and Endogenous Growth in a Monetary Economy,” Economics Letters 37, 105-109.
Milesi-Ferretti, G. M. and Roubini, N., 1998, “Growth Effects of Income and Consumption taxes,” Journal of Money, Credit, and Banking 30, 721-744.
Mino, K., 1997, “Long-Run Effect of Monetary Expansion in a Two-Sector Model of Endogenous Growth,” Journal of Macroeconomics 19, 635-655.
Mundell, R., 1963, “Inflation and Real Interest,” Journal of Political Economy 71, 280-283.
Owens, J., 2006, “Fundamental Tax Reform: an International Perspective,” National Tax Journal 69, 131-164.
Palivos, T., 1995, “Endogenous Fertility, Multiple Growth Paths, and Economic Convergence,” Journal of Economic Dynamics and Control 19, 1489-1510.
Palivos, T. and Yip, C. K., 1993, “Optimal Population Size and Endogenous Growth,” Economics Letters 41, 107-110.
Palivos, T. and Yip, C. K., 1995, “Government Expenditure Financing in an Endogenous Growth Model: A Comparison,” Journal of Money, Credit, and Banking 27, 1159-1178.
Pecorino, P., 1993, “Tax Structure and Growth in a Model with Human Capital,” Journal of Public Economics 52, 251-271.
Pecorino, P., 1994, “The Growth Rate Effects of Tax Reform,” Oxford Economic Papers 26, 492-502.
Pelloni, A. and Waldmann, R., 2000, “Can Waste Improve Welfare?” Journal of Public Economics 77, 45-79.
Phelps, E., 1973, “Inflation in the Theory of Public Finance,” Swedish Journal of Economics 75, 37-54.
Razin, A. and Ben-Zion, U., 1975, “An Intergenerational Model of Population Growth,” American Economic Review 65, 923-933.
Rebelo, S. T., 1991, “Long-Run Policy Analysis and Long-Run Growth,” Journal of Political Economy 99, 500-521.
Romer, P. M., 1986, “Increasing Returns and Long-Run Growth,” Journal of Political Economy 94, 1002-1037.
Schmitt-Grohé, S. and Uribe, M., 1997, “Balanced-Budget Rules, Distortionary Taxes, and Aggregate Instability,” Journal of Political Economy 105, 976-1000.
Sidrauski, M., 1967, “Rational Choice and Patterns of Growth in a Monetary Economy,” American Economic Review Papers and Proceedings 57, 534-544.
Sleebos, J. E., 2003, “Low Fertility Rates in OECD countries: Facts and Policy Responses,” OECD Social, Employment, and Migration Working Papers 15.
Solow, R. M., 1956, “A Contribution to the Theory of Economic Growth,” Quarterly Journal of Economics 70, 65-94
Stockman, A., 1981, “Anticipated Inflation and the Capital Stock in a Cash-in-Advance economy,” Journal of Monetary Economics 8, 387-393.
Summers, L. H., 1981, “Capital Taxation and Accumulation in a Life Cycle Growth Model,” American Economic Review 71, 533-544.
Swan, T. W., 1956, “Economic Growth and Capital Accumulation,” Economic Record 32, 334-361.
Talvi, E. and Végh, C. A., 2005, “Tax Base Variability and Procyclical Fiscal Policy in Developing Countries,” Journal of Development Economics 78, 156-190
Tobin, J., 1965, “Money and Economic Growth,” Econometrica 33, 671-684.
Turnovsky, S. J., 1992, “Alternative Forms of Government Expenditure Financing: A Comparative Welfare Analysis,” Economica 59, 235-252.
Turnovsky, S. J., 2000a, “Fiscal Policy, Elastic Labor Supply, and Endogenous Growth,” Journal of Monetary Economics 45, 185-210.
Turnovsky, S. J., 2000b, Methods of Macroeconomic Dynamics, 2nd Ed., Cambridge, MA: MIT Press.
Wang, P. and Yip, C. K., 1992, “Alternative approaches to Money and Growth,” Journal of Money, Credit, and Banking 24, 553-562.
Wen, J. and Love, D. R. F., 1998, “Evaluating Tax Reforms in a Monetary Economy,” Journal of Macroeconomics 20, 487-508.
Yip, C. K. and Zhang, J., 1996, “Population Growth and Economic Growth: A Reconsideration,” Economics Letters 52, 319-324.
Yip, C. K. and Zhang, J., 1997, “A Simple Endogenous Growth Model with Endogenous Fertility: Indeterminacy and Uniqueness,” Journal of Population Economics 10, 97-110.
Zagler, M. and Dürnecker, G., 2003, “Fiscal Policy and Economic Growth,” Journal of Economic Surveys 17, 397-418. |
| Description: | 博士
國立政治大學
經濟學系
92258505
98 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0922585051 |
| Data Type: | thesis |
| Appears in Collections: | [經濟學系] 學位論文
|
Files in This Item:
| File |
Size | Format | |
|---|
| 58505101.pdf | 377Kb | Adobe PDF2 | 899 | View/Open |
|
All items in 政大典藏 are protected by copyright, with all rights reserved.
|
