Cost of Capital, Q Model of Investment and Capital Accumulation »

This study on tax reform, cost of capital and capital accumulation inspires and guides policy-makers who share the goal of making the capital accumulation more efficient. The systematic treatment of tax policy, investment and economic growth takes into account the whole range of modern developments: cost of capital and effective tax rate, international perspective of tax reform, estimates of capital stock, and a q model of investment. This analytic approach traces the economic growth in Korea, and discovers empirical evidences.

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Presents the cost of capital approach to capital accumulation and economic growth in Korea. Kim (economics, Sung Kyun Kwan U.) combines discussions of the main research of the 1960s through 1990s with assessments of the results of his own research, which considers the effect of tax reforms in the process of economic growth. Annotation c. by Book News, Inc., Portland, Or.