Arin, Kerim PerenGahramanov, EminOmay, TolgaTang, XueliUlubasoglu, Mehmet A.Economics2024-07-052024-07-0520240036-92921467-948510.1111/sjpe.123602-s2.0-85166414722https://doi.org/10.1111/sjpe.12360https://hdl.handle.net/20.500.14411/2171In this paper, we build a simple endogenous growth model with labour and corporate taxes to investigate the asymmetric effects of tax policy over the growth trajectory. We employ a newly developed panel smooth transition model to empirically analyse a sample of 19 advanced economies over the 1961-2017 period. We find that both the asymmetric effects and the tax measures used are essential. We also find that the effects of corporate and personal taxes on long-run growth are non-linear, while the detrimental effects of personal taxes are empirically larger compared to those of corporate taxes once non-linearities are controlled for.eninfo:eu-repo/semantics/openAccessfiscal policygrowthpanel smooth transitiontax policyArticleQ4711127WOS:0010403494000010