Investment and Initial Allowances as Fiscal Devices

Geoffrey Harcourt

Chapter 8 in Selected Essays on Economic Policy, 2001, pp 113-119 from Palgrave Macmillan

Abstract: Abstract The aim of this paper is to analyse the use of investment and initial allowances as fiscal devices for encouraging investment, and to appraise their relative effectiveness. Initial allowances have been given in the United Kingdom since 1946; investment allowances have been given for selected industries and assets for various periods, for example, 1954–56, and from 1959 on.1 By contrast, initial allowances have not been given in Australia since 1951 (with the exception of special depreciation allowances for primary producers), and investment allowances have never been used.2 It will be shown that investment allowances (in the form suggested by Mr Barton and the present writer)3 are more effective than initial allowances in stimulating investment.

Keywords: Present Writer; Cash Surplus; Original Cost; Aggregate Investment; Investment Subsidy (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51056-2_8

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DOI: 10.1057/9780230510562_8

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