Technological change and the composition of taxes and public expenditures ∗

@inproceedings{Debortoli2012TechnologicalCA,
  title={Technological change and the composition of taxes and public expenditures ∗},
  author={Davide Debortoli},
  year={2012}
}
The paper analyzes the determinants of four fiscal trends, observed in many developed countries over the past 40 years: a decline in the corporate tax rate and public investment offset by an increase in the labour income tax and government consumption. Within a simple neoclassical growth model with a public sector, we illustrate the interdependency between the two government problems of how to spread the tax burden and how to allocate the spending. We find that investment-specific technological… CONTINUE READING

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