文章基本信息

标题：Can Tax Cuts Increase Investment in A Unionised Economy?*
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作者：John Creedy ; Ian McDonald
期刊名称：Economic Analysis and Policy
印刷版ISSN：0313-5926
出版年度：1993
卷号：23
期号：2
页码：123-137
DOI：10.1016/S0313-5926(93)50031-0
出版社：Elsevier B.V.
摘要：Abstract This paper derives conditions for tax cuts to stimulate output without crowding out investment. In the model the level of output is constrained by an aggregate supply constraint. This constraint is based on the real wage demands of an insider-dominated trade union seeking to maximize its objective function. It is found that, in the model, tax cuts have a powerful supply-side effect and, for reasonable values of the parameters, will not force a crowding-out of investment. Of the tax cuts considered, raising the income tax threshold has a larger supply side effect than reducing the marginal tax rate.