000			02037nab a2200301 c 4500
003			ES-MaIEF
005			20180321120021.0
007			ta
008			180320t2017 at ||||| |||| 00| 0 eng d
040			_aES-MaIEF _cES-MaIEF
041			_aeng
100	1		_964659 _aAfonso, Oscar
245		0	_aEffect of the tax system on R&D intensity, growth and wages and cosumption share _c Óscar Afonso, Ana María Bandeira, Manuela Magalhães
260			_c2017
500			_aDisponible en formato electrónico a través de la Biblioteca del IEF.
500			_aResumen.
520			_aWe propose a general equilibrium knowledge-driven (semi-)endogenous-growth model with horizontal R&D, which is extended to consider two types of labour, skilled and unskilled, and exogenous government expenditure, financed through taxes on financial assets and on labour income, to analyse the implications of the tax system on R&D intensity, economic growth, wage inequality and consumption share in the output. In particular, we show that: (i) taxes have negative influence in the consumption share, being higher the marginal effect of the labour-income tax; (ii) for any given government expenditure share, an increase (a decrease) in financial-assets tax decreases (increases) the labour-income tax; (iii) only the financial-assets tax affects negatively the R&D intensity and the skill-premium; thus, to reduce the skill-premium the financial-assets tax must increase; (iv) ignoring the effect on wage inequality and on R&D intensity, taxes are substitutes.
650		4	_948426 _aSISTEMA FISCAL
650		4	_950224 _aDESARROLLO ECONOMICO
650		4	_950200 _aRENTA
650		4	_940658 _aCONSUMO
650		4	_947776 _aMODELOS ECONOMETRICOS
700	1		_965900 _aBandeira, Ana Maria
700	1		_965901 _aMagalhães, Manuela
773	0		_9481 _oop 1718 _tAustralian Economic Papers _w(IEF)436 _x 0004-900X _g v. 56, n. 4, December 2017, p. 271-291
856			_uhttps://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8454.12102
942			_2udc _cART
999			_c137578 _d137578