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Inflation, Taxation, and Corporate Investment: A q-Theory Approach

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NBER1980-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0604
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资源简介:
This paper presents an analysis of the effects of tax policy on capital accumulation and valuation based on James Tobin's q theory of investment. As Tobin has explained, aggregate investment can be expected to depend in a stable way on q, the ratio of the stock market valuation of existing capita1
提供机构:
美国国家经济研究局
创建时间:
1980-12-01
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