Land-tax, transfer and growth in an endogenously growing economy with overlapping generations

Hiroyuki Hashimoto, Masaya Sakuragawa

Research output: Contribution to journalArticle

2 Citations (Scopus)


In this paper we investigate the effect of a tax on land rent on the growth rate of capital in a growing economy with overlapping generations. A tax on land rent has a potential to increase the growth rate of capital. If the model is extended to allow the tax revenue to be refunded to individuals, a tax on land rent may deter growth to the extent that the tax revenue is transferred to the older generation.

Original languageEnglish
Pages (from-to)412-425
Number of pages14
JournalJapanese Economic Review
Issue number4
Publication statusPublished - 1998 Dec
Externally publishedYes


ASJC Scopus subject areas

  • Economics and Econometrics

Cite this