Fricke, Hans; Süssmuth, Bernd - In: World Development 54 (2014) C, pp. 114-138
Against the backdrop of high macroeconomic instability and the need to meet the demands of public spending, we analyze the trade-off between growth and volatility of tax revenues in Latin America. Short-run and long-run elasticities for a sample of 11 economies are estimated accounting for...