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https://scholarbank.nus.edu.sg/handle/10635/27930
DC Field | Value | |
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dc.title | Optimal Public Policy in an Endogenous Growth Model with Monopoly | |
dc.contributor.author | HU JUN | |
dc.date.accessioned | 2011-10-31T18:00:56Z | |
dc.date.available | 2011-10-31T18:00:56Z | |
dc.date.issued | 2010-08-20 | |
dc.identifier.citation | HU JUN (2010-08-20). Optimal Public Policy in an Endogenous Growth Model with Monopoly. ScholarBank@NUS Repository. | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/27930 | |
dc.description.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. | |
dc.language.iso | en | |
dc.subject | Optimal Public Policy, Endogenous Growth Model, Consumption taxes, Labor income taxes, Income taxes, R&D subsidies | |
dc.type | Thesis | |
dc.contributor.department | ECONOMICS | |
dc.contributor.supervisor | ZENG JINLI | |
dc.description.degree | Master's | |
dc.description.degreeconferred | MASTER OF SOCIAL SCIENCES | |
dc.identifier.isiut | NOT_IN_WOS | |
Appears in Collections: | Master's Theses (Open) |
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