The embodiment controversy: On the policy implications of vintage capital models

The embodiment controversy: On the policy implications of vintage capital models

We explore the long-run impact of policy on the level of economic activity through changes in the vintage distribution of capital, in a model where different vintages coexist in production. Because firms can choose the vintage of capital in which they invest, investment subsidies do not affect the v...

Full description

Saved in:
Bibliographic Details
Main Authors: SAMANIEGO, Roberto M., SUN, Juliana Yu
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
Capital taxation
Embodiment controversy
Investment subsidies
Transition dynamics
Vintage capital
Economic Theory
Online Access:https://ink.library.smu.edu.sg/soe_research/2560
https://ink.library.smu.edu.sg/context/soe_research/article/3559/viewcontent/Embodiment_Controversy_av.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/2560
https://ink.library.smu.edu.sg/context/soe_research/article/3559/viewcontent/Embodiment_Controversy_av.pdf

Similar Items