This article challenges claims that liberalising state regulated markets in developing countries may induce lasting economic development. The analysis of the rise of tourism in Egypt during the last three decades suggests that the effects of liberalisation and structural adjustment are...

Because the jackpots in lotto games are potentially unlimited, it has been speculated that these lotteries may have a positive expected return for high jackpots. While most previous work has concluded that the lotto rarely presents a player with a positive expected return, this paper modifies...

La mayoría de juegos lotto son operados por monopolios estatales en todo el mundo como una fuente alternativa de ingresos. Así, los estudios sobre la demanda en este ámbito han tratado de evaluar si la elasticidad precio estimada es consistente con la maximización de los ingresos (netos de...

Over the past 20 years, state and provincial governments in North America have expanded legal gambling opportunities to consumers. One of the primary policy goals of this expansion of gambling opportunities has been to increase government revenues. Gambling is an attractive source of new...

Key parameters for the modeling of public finances are tax revenue elasticities with respect to tax bases. Yet the existing studies estimating these elasticities for emerging countries disregard the effects of tax reforms on tax revenue, which renders their estimates inconsistent. We use a...

Our objective is an assessment of individual preferences for various revenue options for local government to address inadequate service spending or revenue shortfalls. California offers an especially interesting place to explore such attitudes given Proposition 13 and the resulting decrease in...

What are user levies? How do they differ from a tax? When are user levies an appropriate or preferred policy instrument? What are the trends in user levies across Canada? What are the implications for municipal activities and budgets? How can user levies be used by municipal governments in...

This paper reviews trends in taxation and revenue in MENA countries over 1990-2012, with a focus on non-resource taxes. On average, non-resource revenues declined slightly, while resource revenues soared. Country experiences vary: rates of main taxes and their revenues tend to be higher in the...

COVID-19 has brought the world to a standstill, with its impact on health, mortality, and the economy. On one hand, the COVID-19 pandemic is expected to bring about a major decline in tax revenue in most countries stemming from overall economic slowdown and tax policy and administration measures...