Fricke, Hans; Süssmuth, Bernd - CESifo - 2011
demands of public spending, this paper analyzes the tradeoff between growth and volatility of tax revenues in Latin America …-dependent asymmetric reactions of short-run elasticities over the business cycle. Due to its dependence on commodities exploitation Latin … America is in general susceptible to the boom-bust cycles of its natural riches. Controlling for the composition of revenue …