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Using the modern theory of public economics as the point of departure, this paper outlines a basic principle for setting taxes and/or prices of commodities based on two key criteria, efficiency and equity. The paper shows that for petroleum products, the basic principle needs modification in the...
Persistent link: https://www.econbiz.de/10005769021
estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico …
Persistent link: https://www.econbiz.de/10005769214
financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship between …) domestic revenue mobilization, (iv) external grants and concessional financing, and (v) sovereign borrowing on domestic or …
Persistent link: https://www.econbiz.de/10005769217
In the late 1980s Barbados, Guyana, Jamaica, and Trinidad and Tobago found themselves in severe economic difficulties. Their ensuing economic strategies were all market-based, featured fiscal contraction and trade liberalization, multilateral support loans and, later on, tax and financial sector...
Persistent link: https://www.econbiz.de/10005769224
Following the breakup of the Soviet Union in 1992, several low-income countries in the Commonwealth of Independent States (CIS) accumulated substantial external debt in a short time span, about half of which is owed to multilateral financial institutions. Three factors contributed to the current...
Persistent link: https://www.econbiz.de/10005769237
This paper uses household survey data to estimate the incidence of tax and spending programs in Honduras. Any such exercise is fraught with difficulty, so our simplifying assumptions are carefully explained. Rather than look at tax and spending completely independently, we evaluate net incidence...
Persistent link: https://www.econbiz.de/10005769314
In the past decade, developing countries (DCs) have been encouraged to reform their public expenditure management systems and have increasingly embarked on major projects to computerize their government operations. Most popular among these have been projects to computerize government accounting...
Persistent link: https://www.econbiz.de/10005769321
This paper shows that increasing government social expenditures can make a substantive contribution to increasing … social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It … sustained 1 percent of GDP increase in public expenditures, distributed equally across education, health, and pensions, would …
Persistent link: https://www.econbiz.de/10008470372
phase of capital inflows, some with large vulnerabilities and inflexible monetary policy options, the role of fiscal policy …
Persistent link: https://www.econbiz.de/10008470376
capital markets, and natural resource wealth. Not surprisingly, the oil exporters have more fiscal room than oil importers …
Persistent link: https://www.econbiz.de/10008470406