A Model of Economic Growth, Including Taxation and Public Sector

被引：0
|
作者：
Chernogorsky, S. A. [1 ]
Shvetsov, K. V. [1 ]
机构：
[1] Peter Great St Petersburg Polytech Univ, Grad Sch Econ & Engn, Polytechnicheskaja Str 29, St Petersburg 195251, Russia
来源：
INNOVATION MANAGEMENT AND EDUCATION EXCELLENCE THROUGH VISION 2020, VOLS I -XI | 2018年
关键词：
economic growth; endogenous growth model; taxation; public sector;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
An AK model of endogenous growth model is looked into. The production function is given by Y = AL(1-alpha) K-alpha G(1-alpha), where 0 < alpha < In the model, the integral utility function was maximized for the set rate of tax tau . For the estimated rates of economic growth, the rate of tax tau has been determined so that it would maximize the rates of economic growth. The values of parameters alpha and tau have been calculated for Russia, the UK, Germany and France. The calculated rates of tax give evidence that stable economic growth is possible in Russia with today's tax burden. At the moment the major problem of economic growth in Russia is not the taxation system, but institutional reforms of the economy.
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页码：988 / 995
页数：8
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