The paper examines empirically the changes in the tax mix of the OECD countries in response to economic growth from 1980 to 1999. It is found that economic growth, measured by GDP per capita, has had a significant effect on the tax mix of the OECD countries. Analysis reveals that different taxes...

Previous research has suggested that Islamic banking systems may be more stable than Western systems. However, this contention has only been tested empirically for the case of Tunisia, a country with no significant history of Islamic banking. This paper replicates the study done on Tunisia for...

The deficit debate is a recurring theme in academic and political circles. The controversy is over the effect of deficits on inflation and interest rates. The existing body of empirical evidence does not resolve the controversy. This paper focuses on the inflationary impact of deficits. The...

The effect of trade liberalization on government's role in the economy is investigated. It is shown that, contrary to received expectations, as small open economies liberalize their trade, the size of government decreases.