Working paper
Heterogeneous vertical tax externalities and macroeconomic effects of federal tax changes: the role of fiscal advantage
- Abstract:
-
How do state tax rates respond to federal tax shocks? This paper presents a novel mechanism of heterogeneous vertical tax externalities across state-levels of .scal advantage, showing that tax increases can be expansionary .even without their reinvestment. States rich in natural resources have a .scal advantage in the inter-state competition over production factors which allows them to respond better to increases in federal taxes and, consequently, attract capital from other parts of the nati...
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- Publication status:
- Published
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Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- OxCarre Papers
- Publication date:
- 2015-09-28
- Paper number:
- 160
Item Description
- Keywords:
- Pubs id:
-
1143638
- Local pid:
- pubs:1143638
- Deposit date:
- 2020-12-15
Terms of use
- Copyright date:
- 2015
- Rights statement:
- Copyright 2015 The Author(s)
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