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MORIMOTO KEIICHI
Department Undergraduate School , School of Political Science and Economics Position Associate Professor |
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| Language | English |
| Publication Date | 2024/05 |
| Type | Academic Journal |
| Peer Review | Peer reviewed |
| Title | Global corporate income tax competition, knowledge spillover, and growth |
| Contribution Type | Co-authored (other than first author) |
| Journal | European Economic Review |
| Journal Type | Another Country |
| Publisher | Elsevier |
| Volume, Issue, Page | 164, 104723 |
| Authorship | Last author,Corresponding author |
| Author and coauthor | Noritaka Maebayashi, Keiichi Morimoto |
| Details | We analyze the welfare consequences of global corporate income tax competition, using a two-country model of endogenous growth with international knowledge spillovers. Although the Nash equilibrium tax rate can be excessively high or low according to the degree of spillover, this does not lead to significant welfare losses. The key to this outcome is that corporate income tax competition for growth maximization, which we consider hypothetically, attains the maximum growth rate, despite complex externalities and strategic interactions. |
| DOI | 10.1016/j.euroecorev.2024.104723 |