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Article Dans Une Revue Economics Letters Année : 2016

Taxation, bubbles and endogenous growth

Résumé

We study the interplay between taxation, bubble formation and economic growth. A rational bubble may be beneficial when growth is fueled by public investment (or R&D externalities) and the government levies taxes on bubble returns to finance this investment. Our main result challenges the conventional view about the negative effect of bubbles in endogenous growth (Grossman and Yanagawa, 1993). © 2016 Elsevier B.V.
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Dates et versions

hal-02877962 , version 1 (22-06-2020)

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Stefano Bosi, Ngoc-Sang Pham. Taxation, bubbles and endogenous growth. Economics Letters, 2016, 143, pp.73-76. ⟨10.1016/j.econlet.2016.03.018⟩. ⟨hal-02877962⟩
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