Dynamic scoring
Subtitle: a back-of-the-envelope guide
By: N. Gergory Mankiw, Matthew Weinzierl.
Contributors: Weinzierl, Matthew.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11000; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11000.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Economic development.; Taxation.
Description: "This paper uses the neoclassical growth model to examine the extent to which a tax cut pays for itself through higher economic growth.  The model yields simple expressions for the steady-state feedback effect of a tax cut.  The feedback is surprisingly large: for standard parameter values, half of a capital tax cut is self-financing.  The paper considers various generalizations of the basic model, including elastic labor supply departures from infinite horizons, and non-neoclassical production settings.  It also examines how the steady-state results are modified when one considers the transition path to the steady state"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.