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The purpose of this paper is to derive a framework for quantifying the contribution of the most important economic and policy variables to the public sector deficit. The method involves behavioral relations, identities for some key macroeconomic and sector variables and an accounting breakdown...
Persistent link: https://www.econbiz.de/10005079688
The Russian Federation has one of the richest natural resource endowments in the world. Despite their importance in the Russian economy, natural resources do not contribute as much as they could to public revenues. Large resource rents (excess payments, or above-normal profits generated by...
Persistent link: https://www.econbiz.de/10005079719
The monopoly-supported universal service obligation (USO) is usually defended on the grounds that the monopoly allows for cross-subsidy in letter services that in turn allows universal access to a service of great importance to all. The author argues that letter delivery (as opposed to other...
Persistent link: https://www.econbiz.de/10005079720
Despite a dramatic shift away from subsidies in the early years of transition, the countries of Central Europe still show signs of unsuccessful fiscal adjustment, insufficient deficit reduction, and loose spending policy. High social transfers and low efficiency of government spending remain two...
Persistent link: https://www.econbiz.de/10005079726
Under cash-flow taxation, a country can tax the cash flow of domestic producers, domestic residents, or domestic citizens. The implications are different in each case. The paper examines the positive and normative effects of various versions of a cash-flow tax, focusing on the effects of such a...
Persistent link: https://www.econbiz.de/10005079763
This paper develops an econometric technique that deals with shortcomings of existing methods for estimating the tax elasticity and the impact on revenues of discretionary tax measures. This model highlights the roles that discretionary tax measures and economic growth play in effecting the...
Persistent link: https://www.econbiz.de/10005079785
This paper describes a general equilibrium based social policy model for Cote d'Ivoire whose aim is both to facilitate analysis of a wide range of social policy options, any of which could conceivablybe pursued in Cote d'Ivoire over the next five or ten years, and to provide a basis for further...
Persistent link: https://www.econbiz.de/10005079813
their suggestions. Decentralization can be made compatible with national objectives through conditional grants, regulation … with the actual delivery of services and infrastructure. In some cases, asymmetric decentralization may be the preferred …, both because the desirability of greater decentralization of expenditures than of taxes will give rise to fiscal imbalances …
Persistent link: https://www.econbiz.de/10005079822
The purpose of this paper is to develop a model that isrich enough to capture some of the central features of the interaction between national tax systems in an integrated world but simple enough to yield sharp insights into some of the central questions which that interaction raises. The...
Persistent link: https://www.econbiz.de/10005079852
Much existing literature fails to recognize that high inflation (annual rates in three digits) is a distinctly different phenomenon from moderate inflation and hyperinflation. The failure to understand the specific features of the inflation process in the chronic high inflation economies has...
Persistent link: https://www.econbiz.de/10005079865