SEDIK, Tahsin SAADI - Centre d'Études et de Recherches sur le Développement … - 2003
This paper investigates the predictions of the theory of optimal seigniorage in developing countries over the period … 1970-1999. The tax smoothing hypothesis, tested on forty selected developing countries, is rejected. However, the … forty selected developing countries and on a larger sample (up to 112 developing countries) can not be rejected. …