Forskning ved Københavns Universitet - Københavns Universitet

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Investment behavior and tax policy

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This paper concerns the behavioral modeling of the aggregated capital dynamics in the Danish fishing fleet. The emphasis is placed on testing the impact of the after-tax user cost of capital and aggregated profit on capital dynamics in the fishing fleet. It is argued that the investment behavior is driven by the incentives created by implemented tax and depreciation legislation. The policy implication of the study is that a tax on capital is seen as an effective tool in controlling incentives for overcapitalization in the fishing fleet.
OriginalsprogEngelsk
TidsskriftMarine Resource Economics
Vol/bind13
Udgave nummer3
Sider (fra-til)185-196
Antal sider12
ISSN0738-1360
StatusUdgivet - 1998
Eksternt udgivetJa

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