"Tax Reforms and Investment: A Cross-Country Comparison"
©
Journal of Public Economics,
October
1996
Volume: 62
|
Issue: 1-2
|
Pages: 237-73
Publication type: Journal article
Research Archive Topic: Business Economics and Public Policy, Corporate Finance, World Business
Abstract
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.
Each author name for a Columbia Business School faculty member is linked to a faculty research page, which lists additional publications by that faculty member.
Each topic is linked to an index of publications on that topic.