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, seigniorage, and taxes. The framework is used to assess the fiscal resource bases of economies in developing Asia to the extent … to taxes other than broad-based taxes on income and consumption, such as property taxes and corrective taxes. …
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Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
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States' fiscal capacity plays a pivotal role in developing economies, but it is less clear what its determinants are or what explains cross-country differences. We focus on the impact of natural resources. Standard arguments suggest that natural resources rents may reduce incentives to invest in...
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