Busato, Francesco; Chiarini, Bruno; Angelis, Pasquale De; … - Dipartimento di Studi Economici "Salvatore Vinci", … - 2008
This paper examines the implications of firm-oriented fiscal policies, namely investment subsidies and tax allowances, in an economy where producers may potentially avoid taxes. Among our results we stress the following. First, although investment subsidies induce increased capital accumulation...