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Financial system structure and economic growth: Structure matters

✍ Scribed by O. Emre Ergungor


Book ID
113664215
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
197 KB
Volume
17
Category
Article
ISSN
1059-0560

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Past theoretical work predicts that higher corporate tax rates should decrease economic growth rates, while the effects of high personal tax rates are less clear. In this paper, we explore how tax policies in fact affect a country's growth rate, using cross-country data during 1970-1997. We find tha