wow-inequalities/02-data/intermediate/wos_sample/b801d950af3a0bedc76f3af25e85a398-wang-wei-neng-and-l/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'In an endogenous growth model with two engines of R\&D and capital, we
investigate the environment of ``inclusive growth{''''} for tax
reallocations (tax increases or tax credits) to gain broader benefits in
terms of promoting the overall GDP growth without an increase in income
inequality. Our results show that a tax increase in the capital-good
sector can result in inclusive growth, boosting overall growth and
reducing income inequality, provided that the status quo tax rate is not
too high. Surprisingly, tax credits are not able to achieve such
inclusive growth. While the GDP growth rises, a tax credit in the R\&D
sector not only increases income inequality but also decreases the
aggregate employment, if the labor mobility cost between the final-good
and R\&D/capital-good sectors is relatively low. This provides a caution
to policymakers given the fact that research tax credits have served as
a common incentive to strengthen the R\&D environment.'
affiliation: 'Wang, WN (Corresponding Author), Natl Taichung Univ Sci \& Technol,
Dept Int Business, Taichung, Taiwan.
Wang, Wei-Neng, Natl Taichung Univ Sci \& Technol, Dept Int Business, Taichung,
Taiwan.
Liu, Chia-Ying, Aletheia Univ, Dept Econ, Taipei, Taiwan.
Chang, Juin-Jen, Acad Sinica, Inst Econ, Taipei, Taiwan.'
author: Wang, Wei-Neng and Liu, Chia-Ying and Chang, Juin-Jen
author-email: wei7656@gmail.com
author_list:
- family: Wang
given: Wei-Neng
- family: Liu
given: Chia-Ying
- family: Chang
given: Juin-Jen
da: '2023-09-28'
doi: 10.1002/soej.12473
earlyaccessdate: NOV 2020
eissn: 2325-8012
files: []
issn: 0038-4038
journal: SOUTHERN ECONOMIC JOURNAL
keywords: inclusive growth; tax policy; two engines of growth; wage differential
keywords-plus: 'MONETARY-POLICY; ENDOGENOUS GROWTH; TECHNOLOGY; TAXATION; MODEL;
INNOVATION; SUBSIDIES; ENGINES; RUN'
language: English
month: JAN
number: '3'
number-of-cited-references: '44'
pages: 979-1009
papis_id: b4f246403575614be1d00afbb4cf4f56
ref: Wang2021taxpolicy
researcherid-numbers: Chang, Juin-Jen/ABD-9235-2022
times-cited: '1'
title: Tax policy implications for a two-engine growing economy
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000590155100001
usage-count-last-180-days: '0'
usage-count-since-2013: '5'
volume: '87'
web-of-science-categories: Economics
year: '2021'