Financing public capital when rents are back: a macroeconomic Henry George Theorem
By taxing rents, governments can avoid a trade-off between productivity-enhancing public investment and efficiency losses from raising funds. However, it is unclear whether the rents present in a growing economy are sufficient to finance the socially optimal investment. We prove that the social opt...
| Main Authors: | , , , |
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| Format: | Journal article |
| Published: |
Mohr Siebeck
2018
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