Resources Allocation Law on Optimal Economic Growth Path and Its Application in Tax Policy |
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| Affiliation: | 1. Academy of Chinese Energy Strategy, China University of Petroleum, Beijing 102249, China;2. Department of Energy Economics, School of Economics, Renmin University of China, Beijing 100872, China;3. National Academy of Development and Strategy, Renmin University of China, Beijing 100872, China;4. School of Business Administration, China University of Petroleum, Beijing 102249, China;5. School of Foreign Languages, China University of Petroleum, Beijing 102249, China |
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| Abstract: | The article discusses the application scope of the resources allocation law in the following: (a) return on work is used in consumption and (b) return on fixed assets is used in investment. It indicates that the resources allocation law holds water when the planned object on the optimal economic growth path meets certain condition, and also discusses the design about tax policy making use of resources allocation law. The article constructs a one-sector model and a multi-sector nonlinear input-output model, respectively, and puts forward the way to calculate the proportion of total tax income to GNP. |
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