Showing 1 - 10 of 62
This paper continues the study of optimal fiscal policy in a growing economy by exploring a case in which the government simultaneously provides three main categories of expenditures with distortionary tax finance: public production services, public consumption services, and state-contingent...
Persistent link: https://www.econbiz.de/10005599285
Social protection in industrial countries has been provided through regulations, tax expenditures, and public spending. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the level of recent decades. Specifically, tax...
Persistent link: https://www.econbiz.de/10005264098
and indirect taxes, direct transfers provided by the social transfers and the school feeding programs, and in …
Persistent link: https://www.econbiz.de/10014486374
The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sustainability indicators, followed by an assessment of the causes of fiscal deficits...
Persistent link: https://www.econbiz.de/10005826168
financed by consumption taxes; agents do not substitute between human and physical capital as a result of changes in …
Persistent link: https://www.econbiz.de/10005768921
setting taxes and/or prices of commodities based on two key criteria, efficiency and equity. The paper shows that for … relevant taxes/subsidies to correct the externalities and to address equity and revenue considerations can be measured with a … reform in Nigeria. The framework outlined in the paper can be applied to the analysis of petroleum product taxes and prices …
Persistent link: https://www.econbiz.de/10005769021
In the late 1980s Barbados, Guyana, Jamaica, and Trinidad and Tobago found themselves in severe economic difficulties. Their ensuing economic strategies were all market-based, featured fiscal contraction and trade liberalization, multilateral support loans and, later on, tax and financial sector...
Persistent link: https://www.econbiz.de/10005769224
Conventional wisdom postulates that there are benefits from decentralizing government finances but there is little empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries over a period of about 20 years (1990-2008) from the...
Persistent link: https://www.econbiz.de/10009151217
This paper outlines the challenge of developing an operational macroeconomic framework in Ethiopia consistent with the large envisaged scaling up of aid to achieve the Millennium Development Goals (MDGs). This paper describes an MDG scenario that addresses both microeconomic and macroeconomic...
Persistent link: https://www.econbiz.de/10005248180
at the subnational government. A reliance on shared taxes with extensive earmarking leads to weak subnational …
Persistent link: https://www.econbiz.de/10005263686