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Current and Proposed Non-Oil Tax System in Azerbaijan

International Monetary Fund (IMF); International … - 2008

This paper analyzes developments in non-oil tax policy, administration, and revenues in Azerbaijan, and suggests measures for further improvement. The main finding is that Azerbaijan's non-oil tax revenues increased significantly as a share of non-oil GDP in the last five years, but remain below...

Persistent link: https://www.econbiz.de/10005826278

Fiscal Policy and Private Sector Saving Behavior; Tests of Ricardian Equivalence in Some Developing Economies

International Monetary Fund (IMF); International … - 1987

Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviation from the equivalence is the possibility that the government and the private...

Persistent link: https://www.econbiz.de/10005599233

Implications of Oil Inflows for Savings and Reserve Management in the Cemac

International Monetary Fund (IMF); International … - 2007

-term savings funds but due to low remuneration and other factors usage has remained limited. The paper also argues that regional … savings in the form of reserve accumulation must be sufficient to ensure the stability of the common currency. While the … country-specific savings decisions and the setting of a regional reserve target. Strengthening and diversifying reserve …

Persistent link: https://www.econbiz.de/10005599249