Cost of Capital, Q Model of Investment, and Capital Accumulation: Tax Reform, Cost of Capital, and Capital AccumulationThis study on tax reform, cost of capital and capital accumulation inspires and guides policy-makers who share the goal of making the capital accumulation more efficient. This volume presents both theoretical and empirical works that have permanently altered professional debates over investment and capital accumulation as sources of economic growth. The systematic treatment of tax policy, investment and economic growth takes into account the whole range of modern developments: cost of capital and effective tax rate, international perspective tax reform, estimates of capital stock, and a 'q' model of investment. This analytic approach traces the economic growth in Korea, and discovers empirical evidences. |
Contents
Tax reform and tax policy | 37 |
International perspective | 77 |
Estimates of capital stock | 105 |
Copyright | |
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Common terms and phrases
20 percent aggregate analyzed benchmark buildings and structures capital accumulation capital formation capital income capital-output ratio construction industry corporate tax rate corporate tax wedge corporation income taxes cost of capital cost price debt declining balance deduction depreciation rate dividends effective tax rate exports extensive tax incentives FIFO gross capital stock growth rate human capital income tax rate increase indirect taxes inflation interest income interest rate introduced inventory stocks investment tax credit Jorgenson key industries Korea Korean economy lower machinery and equipment manufacturing marginal tax rates model of investment OECD OECD countries overall average personal and corporation personal income tax personal tax rate personal tax wedge profit rate of return reduced retained earnings retirement rate shares sources of finance special depreciation straight-line Table tax base tax holidays tax law tax reform tax system tax-adjusted marginal tax-free reserves transportation equipment types of asset value added tax valued at cost