This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with …

This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with …

stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure … uncertainty associated with pollution leads to an increase in abatement activities and therefore supports the corresponding …

with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … associated with the taxation of stochastic income flows, the growth effect of taxation is ambiguous. There is a continuum of …

, environmental care is done by the government and financed via income taxation and government bonds. Equilibrium growth depends on …, government debt influences equilibrium growth. Hence, income taxation has an additional indirect impact on accumulation through … environmental preferences and uncertainty on optimal financing is ambiguous. …

with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … associated with the taxation of stochastic income flows, the growth effect of taxation is ambiguous. There is a continuum of …

stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure … uncertainty associated with pollution leads to an increase in abatement activities and therefore supports the corresponding …

, environmental care is done by the government and financed via income taxation and government bonds. Equilibrium growth depends on …, government debt influences equilibrium growth. Hence, income taxation has an additional indirect impact on accumulation through … environmental preferences and uncertainty on optimal financing is ambiguous. …