Capital gains in economic theory and national accounting
DOI:
https://doi.org/10.13133/2037-3643/10605Keywords:
Analysis, Economic aspects, Accounting, Capital gains taxAbstract
Capital gains are ironically one of the least studied concepts in economics despite their crucial role in national accounting. Although capital gains are technically not involved in the circular flow of production and incomes, they are a vital determinants of consumer credit and personal savings. Recent findings, in fact, correlate capital gains with the prevalence of inflationary pressures and gyrations on spending in assets.
JEL Codes: E22
References
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