01676cas a2200241 a 4500 AALejournalIMF004230 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451951455 1018-5941 BD-DhAAL BD-DhAAL Towe, Christopher. Recent U.S. Investment Incentives / Christopher Towe. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The apparent slowdown in U.S. investment and productivity growth in recent years has led to a number of proposals to stimulate investment through the adoption of tax incentives. This paper describes the incentives that were contained in the February 1993 Budget and estimates their effect on the user cost of capital. The recent evidence regarding the effect of tax changes on investment in the United States is reviewed, and the likely effect of the Budget's proposals on investment and overall economic activity is simulated. The simulations suggest that the proposals would have had a stimulative but largely transitory effect on U.S. investment and output. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1993/092 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/092/001.1993.issue-092-en.xml IMF e-Library