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| Tekijä: | Quadrini, V. |
| Otsikko: | Policy commitment and the welfare gains from capital market liberalization |
| Lehti: | European Economic Review
2005 : NOV, VOL. 49:8, p. 1927-1951 |
| Asiasana: | capital markets competition liberalization taxation |
| Kieli: | eng |
| Tiivistelmä: | This article examines how the liberalization of capital markets affects a countrys taxation structure and welfare. The results of the study show that the change results in a decrease in the long-term capital tax rate and an increase in the tax rate on labor. As a result, welfare increases. |
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