Growth with Public Research and Private Education

Christian Groth ()

No 95-20, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: The paper investigates optimal taxation in a model where groth is the combined effect of public R&D and private human capital accumulation. A tax smoothing formula is called for. This leads to a long-run debt-income ratio related to the initial configuration of the stocks of technical knowledge, human capital and physical capital.

Pages: 9 pages
Date: 1995-12
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:9520

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