Wen, Jean François
Tax elasticity estimates for capital stocks / Jean-François Wen and Fatih Yılmaz .-- , 2020
Bibliografía
We use panel cointegration techniques to estimate the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy. The estimates exploit three sources of variation in Canadian tax policy: across provinces, industries, and years. The UCE is estimated to be between -1.1 and -1.3 for machinery and equipment. We also provide semielasticities of capital with respect to marginal effective tax rates (METR). Our construction of the user costs makes use of a detailed data set on federal and provincial tax policy variables.
ELASTICIDAD
CAPITAL-RIESGO
Yilmaz, Fatih
FinanzArchiv0015-2218volume 76, september 2020, p. 215-239
Tax elasticity estimates for capital stocks / Jean-François Wen and Fatih Yılmaz .-- , 2020
Bibliografía
We use panel cointegration techniques to estimate the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy. The estimates exploit three sources of variation in Canadian tax policy: across provinces, industries, and years. The UCE is estimated to be between -1.1 and -1.3 for machinery and equipment. We also provide semielasticities of capital with respect to marginal effective tax rates (METR). Our construction of the user costs makes use of a detailed data set on federal and provincial tax policy variables.
ELASTICIDAD
CAPITAL-RIESGO
Yilmaz, Fatih
FinanzArchiv0015-2218volume 76, september 2020, p. 215-239