Summit Founding Principal Dr. Albert Lee's "Taxation, Growth and Fiscal Institutions" Released by Springer Press

"Taxation, Growth and Fiscal Institutions: A Political and Economic Analysis" examines the complex causal connections among taxation, growth, and fiscal institutions in an overlapping-generations production economy.

Unequal distribution of abilities results in distortionary taxes, but their effect could get minimized by institutional arrangements that promote intergenerational cooperation. This book provides both theoretical and empirical justification that omitting the role of institutions results in misspecification of the causal link between inequality and growth.