Manufacturing investment and taxation in the Nordic countries
Dufwenberg, Martin; Koskenkylä, Heikki; Södersten, Jan (22.04.1994)
Numero
8/1994Julkaisija
Suomen Pankki
1994
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-20140807446Tiivistelmä
This paper analyzes the accumulation of fixed productive capital in the manufacturing industries in Denmark, Finland, Norway, and Sweden over the years 1965-1990.Particular attention is given to the effect of taxes on this process.The following conclusions appear fairly robust across countries: Cointegrating long-run relationships can be found within the framework of the neo-classical model.The error-correction estimations indicate that investment is relatively sensitive to economic shocks.Taxes seem not to have had significant effects on long-run capital levels nor on the timing of investment behavior.
Julkaisuhuomautus
SCANDINAVIAN JOURNAL OF ECONOMICS 1994 ; 96 ; 3 http://www.jstor.org/journal/scanjecon