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Article: State income taxes and economic growth.

Article from:
The Cato Journal
Article date:
January 1, 2008
Author:
Copyright

This article explores the impact of tax policy on economic growth in the states within the framework of an endogenous growth model. Regression analysis is used to estimate the impact of taxes on economic growth in the states from 1964 to 2004. The analysis reveals a significant negative impact of higher marginal tax rates on economic growth. The analysis underscores the importance of controlling for regressivity, convergence, and regional influences in isolating the effect of taxes on economic growth in the states.

Taxes and State Economic Growth

A number of studies have explored the impact of taxes on state economic growth. (1) Most, but not all, of ...

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