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The Effects of Tax Policy on Aggregate Agricultural Investment
Author(s) -
LeBlanc Michael,
Hrubovcak James
Publication year - 1986
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242123
Subject(s) - investment (military) , tax policy , agriculture , economics , business , monetary economics , agricultural economics , tax credit , economic policy , natural resource economics , tax reform , public economics , ecology , politics , political science , law , biology
The effects of tax policies on aggregate agricultural investment are examined. Results from this analysis suggest that tax policies are effective in promoting agricultural investment. Nearly 20 percent of net investment in agricultural equipment during the period 1956 through 1978 is attributed to tax policy. From 1956 to 1978, tax policy has stimulated, in real dollars, over $@@‐@@5 billion in net investment in equipment and in excess of $@@‐@@1 billion in structures.