Title

生產性政府支出與經濟成長關係的再探討:個人所得稅與營利事業所得稅融通政策之比較

Translated Titles

Revisiting Government Spending in A Simple Model of Endogenous Growth: Individual Income Tax vs. Corporate Income Tax

DOI

10.6277/TER.201803_46(1).0003

Authors

王韋能(Wei-Neng Wang);謝智源(Jhy-Yuan Shieh);陳智華(Jhy-Hwa Chen)

Key Words

生產性政府支出,經濟成長, 所得稅政策 ; 社會福利 ; productivity government expenditure ; economic growth ; taxation policies ; social welfare

PublicationName

經濟論文叢刊

Volume or Term/Year and Month of Publication

46卷1期(2018 / 03 / 01)

Page #

97 - 124

Content Language

繁體中文

Chinese Abstract

本文比較營利事業所得稅與個人所得稅融通生產性政府支出的總體經濟效果,我們發現當政府以營利事業所得稅作為融通工具時,最適政府規模(政府支出占GDP的比率)等於生產性政府支出的產出彈性,而且此水準的政府規模同時也能讓經濟社會的福利水準達到極大,這個發現與Barro (1990)的論點一致。但是,倘若政府以個人所得稅做為融通工具時,最適政府規模除了必須考量生產性政府支出的產出彈性外,營利事業所得稅率也會影響最適政府規模。而且,在個人所得稅融通的情境下,經濟成長極大的目標和社會福利極大的目標未必會一致,這個結論明顯不同於Barro (1990)的發現。

English Abstract

In this paper, we analyze the effect of business income tax financing and individual income tax financing on the productive government expenditure. We find that, under the business income tax financing scheme, the growth rate optimality condition for the productive government expenditure is the ratio of government spending to GDP equal to the production elasticity of public spending. In addition, maximizing the economic growth rate is equivalent to maximizing social welfare. On the other hand, under the individual income tax financing scheme, the optimal government expenditure not only depends on the government spending level and production elasticity of public spending, but also depends on the income tax rate. Moreover, maximizing economic growth is not equivalent to maximizing social welfare under the individual income tax financing scheme.

Topic Category 社會科學 > 經濟學
Reference
  1. Ramsey, F. P. (1928), “AMathematical Theory of Saving,” Economic Journal, 38, 543-559
  2. Arrow, Kenneth J.,Kurz, Mordecai(1970).Public Investment, the Rate of Return, and Optimal Fiscal Policy.Baltimore, MD:The Johns Hopkins University Press.
  3. Barro, Robert J.(1990).Government Spending in A Simple Model of Endogenous Growth.Journal of Political Economy,98,103-125.
  4. Brock, William A.,Turnovsky, Stephen J.(1981).The Analysis of Macroeconomic Policies in Perfect Foresight Equilibrium.International Economic Review,22,179-209.
  5. Bruce, Neil,Turnovsky, Stephen J.(1999).Budget balance, Welfare, and the Growth Rate: "Dynamic Scoring" of the Long-Run Government Budget.Journal of Money, Credit, and Banking,31,162-186.
  6. Chen, Been-Lon(2005).Economic Growth with anOptimal Public Spending Composition.Oxford Economic Papers,58,123-136.
  7. Devereux, Michael B.,Lover, David R. F.(1995).The Dynamic Effects of Government Spending Policies in a Two-Sector Endogenous Growth Model.Journal of Money, Credit and Banking,27,232-256.
  8. Futagami, Koichi,Morita, Yuichi,Shibata, Akihisa(1993).Dynamic Analysis of an Endogenous Growth Model with Public Capital.Scandinavian Journal of Economics,95,607-625.
  9. Glomm, Gerhard,Ravikumar, B.(1997).Productive Government Expenditures and Long-Run Growth.Journal of Economic Dynamics and Control,21,183-204.
  10. Glomm, Gerhard,Ravikumar, B.(1994).Public Investment in Infrastructure In a Simple Growth model.Journal of Economic Dynamics and Control,18,1173-1187.
  11. Greiner, Alfred,Semmler, Willi(2000).Endogenous Growth, Government Debt and Budgetary Regimes.Journal of Macroeconomics,22,363-384.
  12. Hayashi, Fumio(1982).Tobin's Marginal q and Average Q: A Neoclassical Growth Model.Econometrica,50,213-224.
  13. Hung, Fu-Sheng(2005).Optimal Composition of Government Public Capital Financing.Journal of Macroeconomics,27,704-723.
  14. Judd, Kenneth L.(1987).TheWelfare Cost of Factor Taxation in a Perfect-Foresight Model.Journal of Political Economy,95,675-709.
  15. Osterberg, William P.(1989).Tobin's Q, Investment, and the Endogenous Adjustment of Financial Structure.Journal of Public Economics,40,293-318.
  16. Razin, Assaf,Yuen, Chi-Wa(1996).Capital Income Taxation and Longrun Growth: New Perspectives.Journal of Public Economics,59,239-263.
  17. Turnovsky, Stephen J.(1995).Methods ofMacroeconomic Dynamics.Cambridge,MA:MIT Press.
  18. Turnovsky, Stephen J.(1990).The Effect of Taxes and Dividend Policy on Capital Accumulation and Macroeconomic Behavior.Journal of Economic Dynamics and Control,14,491-521.
Times Cited
  1. 蒙志強(2004)。貪污有害於經濟成長嗎?。臺灣大學經濟學研究所學位論文。2004。1-66。 
  2. 莊仲霖(2011)。政府支出之生產與最適公債比例。政治大學經濟研究所學位論文。2011。1-30。
  3. 李奇鴻(2015)。亞洲經濟成長實證研究。中央大學經濟學系學位論文。2015。1-59。