Understanding how taxes affect corporate investment decisions is one of the most important, yet one of the most difficult, questions in applied economics. Dale Jorgenson's ongoing research on this topic stands as a how-to guide for applied economists in any field. It shows how theory and data analysis can come together to generate critically important insights on policy issues. -- James M. Poterba, Mitsui Professor of Economics, MIT The most rigorous analysis available of tax reform, the cost of capital, and economic growth. A must-read for serious participants in the reform debate. -- Michael J. Boskin, T. M. Friedman Professor of Economics and Hoover Institution Senior Fellow, Stanford University, and former Chairman, President's Council of Economic Advisers (1989-93) The last word on the important subject of capital taxation and growth. Belongs in the library of every economist interested in the aggregate U.S. economy. -- Robert E. Hall, McNeil Professor of Economics and Senior Fellow of the Hoover Institution, Stanford University
Kun-Young Yun is Professor of Economics at Yonsei University, Korea.
"Understanding how taxes affect corporate investment decisions is one of the most important, yet one of the most difficult, questions in applied economics. Dale Jorgenson's ongoing research on this topic stands as a how-to guide for applied economists in any field. It shows how theory and data analysis can come together to generate critically important insights on policy issues." --James M. Poterba, Mitsui Professor of Economics, Massachusetts Institute of Technology; "The most rigorous analysis available of tax reform, the cost of capital, and economic growth. A must-read for serious participants in the reform debate." --Michael J. Boskin, T. M. Friedman Professor of Economics and Hoover Institution Senior Fellow, Stanford University, and Former Chairman, President's Council of Economic Advisers; "The last word on the important subject of capital taxation and growth. It belongs in the library of every economist interested in the aggregate U.S. economy." --Robert E. Hall, McNeil Professor of Economics and Senior Fellow of the Hoover Institution, Stanford University
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