The division of tax revenues between the federal, regional and local layers of government of the Russian Federation has undergone continuous reform and thus received a lot of attention both in the public discussion and in the related research on fiscal federalism. Another important unsettled...

This paper studies the distribution of output per worker between the years 1980 and 2000 in different country groups. The study uses data envelopment analysis (DEA) to decompose the changes in the distribution of labour productivity into changes in productive efficiency, changes in best practice...

The paper analyses the impacts of occupational choice and entrepreneurial effort on the structure of wage, profit and capital taxation. Entrepreneurial effort is unobservable and therefore not tax-deductible. The optimal profit tax is less than unity even if individual entrepreneurial effort is...

A common claim in the policy discourse is that a government wishing to achieve equality of opportunity should use public provision of education for equalisation of opportunities rather than income taxation, which only equalizes incomes. We develop a framework in which the tax and education...

How does the public provision of education and the deployment of distortionary tax and subsidy instruments differ when the government's objective is conventional welfarist compared to when the objective is the non-welfarist one of equality of opportunity? This paper develops a framework in which...

It is shown that the Dixit-Norman argument for the creation of an optimal customs union without lump sum transfers presupposes either that there exists a joint fiscal authority in the union or that lump sum transfers between national governments are possible. A necessary and sufficient condition...

Kotitalouksien säästämisaste on trendimäisesti alentunut Suomessa jo useamman vuoden ajan. Tämä näyttäisi muodostuvan ongelmalliseksi kasvavan vaihtotaseen alijäämän olosuhteissa. Säästämisasteen alenemiseen on useita syitä, joista yksi keskeisimmistä on kotitalouksien...

The Finnish real exchange rate is estimated as a latent variable in a model of current account determination. The measure thus constructed behaves in the 70's much like the measures most often used (relative unit labour costs and relative consumer prices) but in the 80·s there are considerable...

Tutkimusraportissa esitellään tulokset, jotka on saatu selvitettäessä kestokulutushyödykkeiden kokonaiskysyntää. Tulokset viittaavat siihen, että kestokulutushyödykkeiden kysynnän kasvu voidaan selittää lähes täysin tulojen kasvulla ja kestokulutushyödykkeiden suhteellisten...