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- Title
Manufacturing Investment and Taxation in the Nordic Countries*.
- Authors
Dufwenberg, Martin; Koskenkyla, Heikki; Sodersten, Jan
- Abstract
Abstract The accumulation of fixed productive capital in the manufacturing industries of Denmark, Finland, Norway, and Sweden is analyzed for the period 1965-90. Particular attention is given to the effect of taxes on this process. The following conclusions appear fairly robust across countries: Cointegrating long-run relationships can be found within the framework of the neoclassical model. The error-correction estimations indicate that investment is relatively sensitive to economic shocks. Taxes do not seem to have had significant effects on either long-run capital levels or the timing of investment.
- Subjects
SCANDINAVIA; INDUSTRIAL equipment; CAPITAL; INVESTMENTS
- Publication
Scandinavian Journal of Economics, 1994, Vol 96, Issue 3, p443
- ISSN
0347-0520
- Publication type
Article
- DOI
10.2307/3440502