Seigniorage and tax smoothing in developing countries

This paper tests the extended tax‐smoothing model for a sample of 32 developing countries. Importantly, the testable implications employed relax the assumption of constant money velocity. Although seigniorage is an important source of revenue in developing countries, all the evidence indicates that the principles of optimal taxation have not been used when developing countries raise revenue from inflation.

MoreLess

Year of publication:	1998
Authors:	Ashworth, John ; Evans, Lynne
Published in:	Journal of Economic Studies. - MCB UP Ltd, ISSN 1758-7387, ZDB-ID 1480042-1. - Vol. 25.1998, 6, p. 486-495
Publisher:	MCB UP Ltd
Subject:	Developing countries \| Taxation

More details

Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.1108/01443589810233865 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014863546