A strand of recent literature shows that a reform of import tariff (export tax) and consumption tax (production tax) that keeps the consumer (producer) price unchanged enhances welfare and increases revenue under plausible conditions. It has been argued that the results provide an ex-post...

The current consensus on indirect tax reform in developing countries favors a reduction in trade taxes with an increase in VAT to raise revenue. The theoretical results on selective reform that underlie this consensus are, however, derived from partial models that ignore the existence of an...

This book is about industrial policies seen as intrinsic fundamental ingredients of all development processes: witness to that, every experience of successful industrialization, ranging from Germany and the USA, almost two centuries ago, all the way to Korea, Taiwan, Brazil, China and India...

The paper present the conclusions to the book "The Political Economy of Capabilities Accumulation: the Past and Future of Policies for Industrial Development", edited by M. Cimoli, G. Dosi and J. E. Stiglitz, Oxford University Press, forthcoming. While it is futile to search for any 'magic...