Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/27930
Title: Optimal Public Policy in an Endogenous Growth Model with Monopoly
Authors: HU JUN
Keywords: Optimal Public Policy, Endogenous Growth Model, Consumption taxes, Labor income taxes, Income taxes, R&D subsidies
Issue Date: 20-Aug-2010
Source: HU JUN (2010-08-20). Optimal Public Policy in an Endogenous Growth Model with Monopoly. ScholarBank@NUS Repository.
Abstract: This thesis examines optimal public policy in an R&D-based endogenous growth model with elastic labor supply and monopolistic supply of intermediate goods. The focus of this study is on R&D subsidies financed by various distortionary taxes. The balanced growth paths of both decentralized economy and social planner?s economy are computed, and the welfare effects of financing R&D subsidies with consumption taxes, labor income taxes, and capital income taxes are explored. It is shown that consumption taxes are the most efficient taxes to finance R&D subsidies, while capital income taxes are the least efficient taxes. This result is consistent with those in the existing literature on taxation in neoclassical growth models and capital-based endogenous growth models. This finding complements the studies in the literature on optimal public policy in R&D-based endogenous growth models.
URI: http://scholarbank.nus.edu.sg/handle/10635/27930
Appears in Collections:Master's Theses (Open)

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Jun Hu.pdf939.02 kBAdobe PDF

OPEN

NoneView/Download

Page view(s)

230
checked on Dec 11, 2017

Download(s)

248
checked on Dec 11, 2017

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.