dc.contributor.author | Bournakis, I | en_US |
dc.contributor.author | Mallick, S | en_US |
dc.date.accessioned | 2019-08-15T14:15:27Z | |
dc.date.available | 2018-11-29 | en_US |
dc.identifier.issn | 1365-1005 | en_US |
dc.identifier.uri | https://qmro.qmul.ac.uk/xmlui/handle/123456789/59166 | |
dc.description.abstract | © Cambridge University Press 2018. This paper analyzes the effects of corporate tax liability on firm-level total factor productivity (TFP) as the key driver of economic performance. This is a new dimension in the UK productivity puzzle that has not attracted attention so far. We use 6559 manufacturing firms over 2004-2011 to investigate whether higher levels of corporate tax affect the productivity catch-up process by reducing after-tax earnings that could alternatively be used for productivity-enhancing investment, particularly focusing on R&D- and export-intensive firms. Our key results are summarized as follows: first, higher levels of corporate taxation impact adversely on TFP and this finding is robust to different tax measures and insensitive to endogeneity bias; second, as R&D- and export-intensive firms tend to have relatively higher TFP growth, higher levels of tax liability as a share of earnings before interest and taxes decelerate TFP growth of these firms. | en_US |
dc.language.iso | en | en_US |
dc.relation.ispartof | Macroeconomic Dynamics | en_US |
dc.title | DO CORPORATE TAXES HARM ECONOMIC PERFORMANCE? EXPLAINING DISTORTIONS in R&D- and EXPORT-INTENSIVE UK FIRMS | en_US |
dc.type | Article | |
dc.rights.holder | Copyright © © Cambridge University Press 2018 | |
dc.identifier.doi | 10.1017/S136510051800055X | en_US |
pubs.notes | Not known | en_US |
pubs.publication-status | Published online | en_US |
dcterms.dateAccepted | 2018-11-29 | en_US |
rioxxterms.funder | Default funder | en_US |
rioxxterms.identifier.project | Default project | en_US |