Auriol, Emmanuelle; Warlters, Michael - In: Journal of Development Economics 97 (2012) 1, pp. 58-72
In this paper we propose estimates of the marginal cost of public funds (MCF) in 38 African countries. We develop a simple general equilibrium model that can handle taxes on five major tax classes, and can be calibrated with little more than national accounts data. A key feature of our model is...