01970cas a2200265 a 4500 AALejournalIMF004410 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451955798 1018-5941 BD-DhAAL BD-DhAAL Asea, Patrick. Do Taxes Matter for Long-Run Growth? : Harberger's Superneutrality Conjecture / Patrick Asea, Gian Milesi-Ferretti, Enrique Mendoza. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (42 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 Harberger's superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this view by testing the predictions of endogenous growth models driven by human capital accumulation. The theoretical analysis highlights implications of different taxes for growth and investment in these models. The empirical work is based on cross-country regressions and numerical simulations, using a new methodology for estimating aggregate effective tax rates. Results show significant investment effects from income and consumption taxes that are consistent with small growth effects. The results are robust to the introduction of other growth determinants. Mode of access: Internet Mendoza, Enrique. Milesi-Ferretti, Gian. IMF Working Papers; Working Paper ; No. 1995/079 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/079/001.1995.issue-079-en.xml IMF e-Library