BarroChamley, , , , : Incorporating endogenous public spending, the basic characteristic of the Barro model, into the Chamley model, this paper discusses the optimal taxation and public spending composition in e...BarroChamley, , , , : Incorporating endogenous public spending, the basic characteristic of the Barro model, into the Chamley model, this paper discusses the optimal taxation and public spending composition in economic growth. The two-stage backward induction method is adopted to explore the general optimality (including the first and second best) conditions for taxation and public spending, and the explicit solutions to optimal taxation and public spending composition are showed in a specific example. Finally, we estimate China’s optimal level of macro tax burden with the help of numerical calculation.View full textDownload full text展开更多
基金sponsored by the Youth Program of the National Social Science Foundation of China(Grant No.:10CJL013)the Key Research Base of Humanities and Social Sciences at Universities in Zhejiang Province(Public Finance)
文摘BarroChamley, , , , : Incorporating endogenous public spending, the basic characteristic of the Barro model, into the Chamley model, this paper discusses the optimal taxation and public spending composition in economic growth. The two-stage backward induction method is adopted to explore the general optimality (including the first and second best) conditions for taxation and public spending, and the explicit solutions to optimal taxation and public spending composition are showed in a specific example. Finally, we estimate China’s optimal level of macro tax burden with the help of numerical calculation.View full textDownload full text
