土地稅의 歸着

• 영문명: The Incidence of Land Taxed in the Presence of Bubbles on Land Price
• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: 金聖泰(Sungtai Kim)
• 간행물 정보: 『재정논집』재정논집 제7권, 187~201쪽, 전체 15쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 1993.03.31

영문 초록

This paper examines the effect of land taxes on the economy in terms of capital accumulation and land price. We consider a land tax as the tax on the asset bubbles on land price which is the discrepancy between the market value and the fundamentals of the land. Using the standard two-period overlapping generations model following Diamond(l965), we obtain the following results. First, if the capital market is stable and satisfies the Diamond stability condition and household saving is a normal good, a land tax increases the long run equilibrium capital accumulation. Second, a land tax decreases the bubbles on the land price. The policy implications of the results are as follows. The government had better increases the land tax rate to encourage the capital accumulation of the economy and/or to stabilize the land price. Thus, the current state of the Korean economy requires the reinforcement of the land tax system for efficiency as well as for equity considerations.

목차

Ⅰ. 序論

Ⅱ. 分析模型

Ⅲ. 均衡

Ⅳ. 結論

參考文獻