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dc.contributor.author
Gersbach, Hans
dc.contributor.author
Schetter, Ulrich
dc.contributor.author
Schneider, Maik T.
dc.date.accessioned
2019-05-29T08:45:08Z
dc.date.available
2017-06-11T14:07:34Z
dc.date.available
2017-08-30T13:36:12Z
dc.date.available
2019-05-29T08:45:08Z
dc.date.issued
2014-12
dc.identifier.uri
http://hdl.handle.net/20.500.11850/93267
dc.identifier.doi
10.3929/ethz-a-010290729
dc.description.abstract
We explore optimal and politically feasible growth policies in the form of basic research investments and taxation. Basic research is a public good that benefits innovating entrepreneurs, but its provision and financing also affect the entire economy – in particular, occupational choices of potential entrepreneurs, wages, dividends, and aggregate output. We show that the impact of basic research on the general economy rationalizes a taxation pecking order to finance basic research. More specifically, in a society with desirably dense entrepreneurial activity, a large share of funds for basic research should be financed by labor taxation, while a minor share should be left to profit taxation. Such tax schemes will induce a significant proportion of agents to become entrepreneurs, thereby rationalizing substantial investments in basic research that fosters their innovation prospects. These entrepreneurial economies, however, may make a majority of workers worse off, giving rise to a conflict between efficiency and equality. We discuss ways of mitigating this conflict and thus strengthening the political support for growth policies.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Basic research
en_US
dc.subject
Economic growth
en_US
dc.subject
Entrepreneurship
en_US
dc.subject
Income taxation
en_US
dc.subject
Political economy
en_US
dc.title
Taxation, innovation, and entrepreneurship
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2014
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
14/206
en_US
ethz.size
81 p.
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::330 - Economics
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D7 - Analysis of Collective Decision-Making::D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
en_US
ethz.code.jel
JEL - JEL::H - Public Economics::H2 - Taxation, Subsidies, and Revenue::H20 - General
en_US
ethz.code.jel
JEL - JEL::H - Public Economics::H4 - Publicly Provided Goods::H40 - General
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O31 - Innovation and Invention: Processes and Incentives
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O38 - Government Policy
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
ethz.relation.isPreviousVersionOf
handle/20.500.11850/225181
ethz.date.deposited
2017-06-11T14:07:40Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366b695490c97900
ethz.identifier.importid
imp59365295af92579035
ethz.ecolpid
eth:47063
ethz.ecitpid
pub:146598
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-26T16:04:13Z
ethz.rosetta.lastUpdated
2019-05-29T08:45:57Z
ethz.rosetta.exportRequired
false
ethz.rosetta.versionExported
true
ethz.COinS
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