@article{Ballard:330907,
      recid = {330907},
      author = {Ballard, Charles L. and Kang, Kiwon},
      title = {U.S. Tax Policy and International Flows of Goods and  Capital},
      address = {2001},
      pages = {21},
      year = {2001},
      note = {Presented at the 4th Annual Conference on Global Economic  Analysis, Purdue University, USA},
      abstract = {We integrate trade modeling and tax modeling, by  evaluating the international spillover effects of changes  in U.S. tax policy. The model is based primarily on  Rutherford’s GTAPinGAMS, which is a static computational  general-equilibrium model, using data from the Global Trade  Analysis Project. Our model incorporates a labor/leisure  choice and international cross-ownership of assets. Our  simulations suggest that unilateral elimination of U.S.  capital-income taxation generates capital inflows, and that  they encourage more efficient use of the capital stock, but  they will also generate negative effects on the terms of  trade. Overall, the policy change generates welfare gains  for the United States.},
      url = {http://ageconsearch.umn.edu/record/330907},
}