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This paper analyzes the efficient taxation of oil and capital income in an oil-dependent infinite-lived economy facing … competition and tax restrictions. The optimal tax rates on oil and capital strictly depend on the international tax system … type of tax restrictions and the use of oil (as an input or a consumer good). Under the residence-based system, capital …
Persistent link: https://www.econbiz.de/10010272378
This paper analyzes the efficient taxation of oil and capital income in an oil-dependent infinite-lived economy facing … competition and tax restrictions. The optimal tax rates on oil and capital strictly depend on the international tax system … type of tax restrictions and the use of oil (as an input or a consumer good). Under the residence-based system, capital …
Persistent link: https://www.econbiz.de/10008702232
This paper analyzes the efficient taxation of oil and capital income in an oil-dependent infinite-lived economy facing … competition and tax restrictions. The optimal tax rates on oil and capital strictly depend on the international tax system … type of tax restrictions and the use of oil (as an input or a consumer good). Under the residence-based system, capital …
Persistent link: https://www.econbiz.de/10014197078
This paper studies the optimal factor tax incidence in a neoclassical growth model with a given share of government expenditure in output. In the Ramsey planner’s optimization, the effect of next period’s capital on government expenditure equals the given share of the marginal product of...
Persistent link: https://www.econbiz.de/10010857145
This paper is concerned with the role of oil and gas in the development of the global economy. Its focus is on the … context in which oil and gas producers in both established and developing countries must frame their policies in order to …. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macro-economy and …
Persistent link: https://www.econbiz.de/10011653988
This paper is concerned with the role of oil and gas in the development of the global economy. Its focus is on the … context in which oil and gas producers in both established and developing countries must frame their policies in order to …. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macro-economy and …
Persistent link: https://www.econbiz.de/10011582890
of oil and most metals reached record levels, and their real prices reached the highest level in many years. The recent … production and refining capacity. This made the oil price sensitive to every event that had a negative influence on the oil … supply, such as the recurrent geopolitical tensions. In recent years, economic growth and inflation in the oil …
Persistent link: https://www.econbiz.de/10009357693
The paper is a review of possible consequences and challenges presented by high oil prices in Pakistan. Pakistan is … resources. The rising oil prices in the international market has had effected negatively balance of payment position as well as … development oil will remain an important source of energy. The government should chalk out strategies for ensuring efficiency in …
Persistent link: https://www.econbiz.de/10005620074
I argue that state-ownership and state-management of oil on behalf of the Iraqi people is not conducive to democracy …” rules; i.e., change the Iraqi constitution, and provides an economic strategy to transfer oil wealth to the Iraqi people. …
Persistent link: https://www.econbiz.de/10005620142