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The Effects of Taxation in a Kaleckian Growth Model

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  • Anthony Laramie
  • Douglas Mair

Abstract

We analyse the effects of balanced budget changes in the tax rates on wages and profits on the trend component of fixed investment, on the trend rate of growth of capital stock and on the trend rates of capacity utilization. A modified version of Kalecki's growth model is used to analyse the long‐term effects of taxation on the growth performance of the economy.

Suggested Citation

  • Anthony Laramie & Douglas Mair, 2003. "The Effects of Taxation in a Kaleckian Growth Model," Metroeconomica, Wiley Blackwell, vol. 54(2‐3), pages 326-345, May.
    • Handle: RePEc:bla:metroe:v:54:y:2003:i:2-3:p:326-345
    DOI: 10.1111/1467-999X.00169
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    References listed on IDEAS

    as
    1. Jerry Courvisanos, 1996. "Investment Cycles in Capitalist Economies," Books, Edward Elgar Publishing, number 1013.
    2. repec:bla:econom:v:57:y:1990:i:228:p:525-40 is not listed on IDEAS
    3. Anthony J. Laramie & Douglas Mair, 2000. "A Dynamic Theory of Taxation," Books, Edward Elgar Publishing, number 1349.
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    Citations

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    Cited by:

    1. Anthony Laramie & Douglas Mair, 2005. "Regional tax differentials: A Kaleckian approach," Regional Studies, Taylor & Francis Journals, vol. 39(3), pages 345-355.
    2. Eckhard Hein, 2018. "Autonomous government expenditure growth, deficits, debt, and distribution in a neo-Kaleckian growth model," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 41(2), pages 316-338, April.
    3. Anthony J Laramie & Douglas Mair, 2013. "Fiscal policy: Its role in an independent Scotland," Working Papers PKWP1307, Post Keynesian Economics Society (PKES).
    4. Gilberto Tadeu Lima & Laura Carvalho, Gustavo Pereira Serra, 2018. "Human Capital Accumulation, Income Distribution and Economic Growth: A Neo-Kaleckian Analytical Framework," Working Papers, Department of Economics 2018_19, University of São Paulo (FEA-USP).
    5. Leonardo Barros Torres & Gilberto Tadeu Lima & Jaylson Jair da Silveira, 2024. "Endogenous Tax Compliance and Macroeconomic Performance Driven by Satisficing Evolutionary Dynamics," Working Papers, Department of Economics 2024_10, University of São Paulo (FEA-USP).
    6. Greg Hannsgen, 2014. "Fiscal Policy, Chartal Money, Mark-up Dynamics and Unemployment Insurance in a Model of Growth and Distribution," Metroeconomica, Wiley Blackwell, vol. 65(3), pages 487-523, July.

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