Fiscalité et croissance

Une étude publiée lundi par le NBER relève les effets de la fiscalité sur la croissance (disponible ici en intégralité)

En voici le résumé

We study a model in which the effects of taxation on growth are highly non-linear. Marginal increases in tax rates have a small growth impact when tax rates are low or moderate. When tax rates are high, further tax hikes have a large, negative impact on growth performance. We argue that this non-linearity is consistent with the empirical evidence on the effect of taxation and other disincentives to investment and innovation on economic growth.