全球化下的资本税与税收竞争的影响.pdfVIP

WIF - Institute of Economic Research Economics Working Paper Series Eidgenössische Technische Hochschule Zürich Swiss Federal Institute of Technology Zurich Growth in a Globalised Economy: The Effects of Capital Taxes and Tax Competition * Lucas Bretschger, ETH Zurich Abstract This contribution provides evidence for the hypothesis that trade increases growth through its curbing effect on capital taxes. The analysed mechanism includes two different steps and considers the critical points of both the theoretical and empirical studies in this field. In particular, the estimation problems of omitted variables and parameter heterogeneity are addressed. Using panel data for a sample of 12 OECD countries in the time period 1967-1996, it is shown that the theoretical predictions can be corroborated by empirical results. JEL classification : F43, 040, H71 Keywords : Trade and Growth, Tax Competition, OECD Countries * WIF – Institute of Economic Research, ETH Zurich, Switzerland Correspondence address: Lucas Bretschger, WIF – Institute of Economic Research, ETH Zentrum, 8092 Zurich, Switzerland. Email: bretschger@wif.gess.ethz.ch. I am indebted to Frank Hettich, Thomas Cusack and Dennis Quinn for generously giving me access to their data about measuring effective tax rates, the centre of political gravity and the regulation of international financial transactions, respectively. I also thank Hannes Egli for helpful comments.