Supply‐side vs. demand‐side tax cuts and U.S. economic growth, 1951–2004
Critical Review 17 (3-4):427-448 (2005)
| Abstract | Abstract Supply?side economists claim that a low top marginal income?tax rate accelerates investment, employment, and economic growth. But the economic literature cited to support the supply?side hypothesis provides little to no empirical support for it. And a more comprehensive empirical examination of key parameters of U.S. economic performance in the postwar period, undertaken here, shows no association between low top marginal income?tax rates and high real growth in investment, employment, or GDP. By contrast, the analysis yields strong evidence for the economic?growth benefits of a ?demand?side? approach to taxation policy. | |||||||||
| Keywords | No keywords specified (fix it) | |||||||||
| Categories | No categories specified (fix it) | |||||||||
| Options |
|
|||||||||
Download options| PhilPapers Archive |
Upload a copy of this paper Check publisher's policy on self-archival Papers currently archived: 5,701 |
| External links |
 |
| Through your library | Configure |
Similar books and articlesJames D. Gwartney & Robert A. Lawson (2006). The Impact of Tax Policy on Economic Growth, Income Distribution, and Allocation of Taxes. Social Philosophy and Policy 23 (2):28-52.
Howard Sherman (1989). Theories of Economic Crisis: Demand-Side, Supply-Side, and Profit Squeeze. Science and Society 53 (1):62 - 71.
Richard Vedder (2006). Taxes, Growth, Equity, and Welfare. Social Philosophy and Policy 23 (2):53-72.
Nevin Cavusoglu & Edinaldo Tebaldi (2006). Evaluating Growth Theories and Their Empirical Support: An Assessment of the Convergence Hypothesis. Journal of Economic Methodology 13 (1):49-75.
S. Douglas Beets (2005). Understanding the Demand-Side Issues of International Corruption. Journal of Business Ethics 57 (1):65 - 81.
Ronald Inglehart (1996). The Diminishing Utility of Economic Growth: From Maximizing Security Toward Maximizing Subjective Well‐Being. Critical Review 10 (4):509-531.
Donald R. Nichols & William F. Wempe (2010). Regressive Tax Rates and the Unethical Taxation of Salaried Income. Journal of Business Ethics 91 (4):553 - 566.
Venkatesh Seshamani (2009). International Corporate Responsibility in the Context of Development. International Corporate Responsibility Series 4:337-348.
Juan Carlos Molero & Francesc Pujol (2012). Walking Inside the Potential Tax Evader's Mind: Tax Morale Does Matter. Journal of Business Ethics 105 (2):151-162.
Analytics
Monthly downloads |
Added to index2011-10-18Total downloads3 ( #202,008 of 549,119 )Recent downloads (6 months)1 ( #63,361 of 549,119 )How can I increase my downloads? |
My notes
Discussion
