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GRANTS AND TAX RELIEFS AS INVESTMENT INCENTIVES *
Author(s) -
Burrell A. M.,
Hill G. P.,
Williams N. T.
Publication year - 1983
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1983.tb00983.x
Subject(s) - incentive , profitability index , economics , investment (military) , monetary economics , inflation (cosmology) , measure (data warehouse) , capital (architecture) , tax rate , inflation rate , microeconomics , finance , interest rate , physics , archaeology , database , politics , theoretical physics , political science , computer science , law , history
This paper presents and applies a methodology designed to measure the extent of the investment incentives provided to U.K. farmers by the present tax system and the capital grants currently available. We identify and examine two aspects of these incentives, viz. enhanced profitability and increased financial feasibility, and investigate their sensitivity to changes in the rate of inflation and the marginal tax rate.