2013 Fiscal Year Final Research Report
Dynamic Revenue Estimation, Human Capital Accumulation, and Transitional Dynamics
| Project/Area Number |
22530314
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Osaka Prefecture University |
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Principal Investigator |
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| Project Period (FY) |
2010-04-01 – 2013-03-31
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| Keywords | 財政学 / Dynamic Scoring / 動学的税収推計 / 人的資本蓄積 / 移行径路 / シミュレーション分析 |
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| Research Abstract |
This research numerically analyzes tax revenue change when a tax rate is changed, taking account of dynamic feedback effect. Under plausible parameter values, a tax-cut is not self-financing. The long run recovery effect of tax revenue is much larger when a capital income tax rate is reduced than when a labor income tax rate is. Among capital income taxes, the effect is the largest when a corporate income tax rate is reduced, in terms of the present value of the whole stream of tax revenues.
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