Grossmann, Volker; Steger, Thomas M. - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2010
This paper develops a comprehensive endogenous growth framework to determinethe optimal mix of growth policies. The … analysis is novel in that we captureimportant elements of the tax-transfer system and fully take into account … approximately all of their capitaland R&D costs from sales revenue.[...] …