Intertemporal equilibrium with physical capital and financial asset: role of dividend taxation

Ngoc-Sang Pham

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Abstract: The paper introduces dividend taxation and productive government spending in an infinite-horizon general equilibrium model with heterogeneous agents and financial market imperfections. We point out that imposing a dividend tax and using the revenue from this tax to finance productive government spending may prevent economic recession and promote economic growth. We also investigate the issue of optimal dividend taxation and the role of dividend taxation on the asset price bubble.

Keywords: Intertemporal equilibrium; Recession; Economic growth; Productive government spending; Dividend taxation; Asset price bubbles (search for similar items in EconPapers)
Date: 2023-02-18
New Economics Papers: this item is included in nep-dge
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04033250v1
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Published in Mathematical Social Sciences, 2023, 123, pp.95-104. ⟨10.1016/j.mathsocsci.2023.03.002⟩

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Related works:
Journal Article: Intertemporal equilibrium with physical capital and financial asset: Role of dividend taxation (2023)
Working Paper: Intertemporal equilibrium with physical capital and financial asset: role of dividend taxation (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04033250

DOI: 10.1016/j.mathsocsci.2023.03.002

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