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2014 | OriginalPaper | Buchkapitel

11. Influence of the Corporation Tax Rate on GDP in an Agent-Based Artificial Economic System

verfasst von : Shigeaki Ogibayashi, Kousei Takashima

Erschienen in: Advances in Computational Social Science

Verlag: Springer Japan

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Abstract

An agent-based model of an artificial economic system, including the government, was developed on the basis of the authors’ previous model. This model was used to analyze the factors influencing the relationship between GDP and the corporation tax rate and its mechanism. The findings show that executive compensation and the use of producers’ own cash for investment are both indispensable factors for reproducing the negative correlation between GDP and the corporation tax rate, because these actions help redistribute the firm’s surplus money to the market. Inefficiency in government expenditure is another indispensable condition. The calculated average multipliers for the reduction of both income tax and corporation tax are in good agreement with real data based on the macroeconometric model.

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Titel: Influence of the Corporation Tax Rate on GDP in an Agent-Based Artificial Economic System
verfasst von: Shigeaki Ogibayashi
Kousei Takashima
Verlag: Springer Japan
Buch: Advances in Computational Social Science
Print ISBN: 978-4-431-54846-1

Electronic ISBN: 978-4-431-54847-8

Copyright-Jahr: 2014
DOI: https://doi.org/10.1007/978-4-431-54847-8_11

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