This study is designed to assess the impact of taxation on the development of the Nigerian capital market from the standpoint of the investors.

The authors examine the effects of government redistribution schemes in an economy where agents are subject to uninsurable, individual specific productivity risk.

This paper applies generational accounting to assess the impact of current fiscal policies on the growth-adjusted net tax burdens of different age cohorts in Norway. Using the most recent estimate of the government's petroleum wealth, our results indicate generational balance.

Warlords complete for turf that provides them with rents and "taxable" resources while also providing a semblance of security within their respective territories. Because such competition takes place through the use of force or the threat of the use of force, more competition can lead to lower...

The paper formalizes a conflict in the use of credit. As compared to using costless fiat, the consumer's use of credit wastes resources by avoiding the inflation tax through a costly means of exchange. This inefficiency gives lattitude for a planner to increase welfare by restricting exchange...

Offshore Finance Centres (OFCs) have proliferated since the 1960s and many small jurisdictions and microstates around the world now host OFCs as part of the increasing globalisation of financial capital. This paper argues that microstates are becoming increasing vulnerable to forces outside of...

This paper uses a new economic geography model to analyze tax competition between two countries trying to attract internationally mobile capital. Each government may levy a source tax on capital and a lump sum tax on fixed labor. If industry is concentrated in one of the countries, the analysis...

This paper presents a simple two-country model with mobile capital and immobile labour, in which there are two classes of individuals, the workers and the capital owners. A source-based tax on capital income is used to finance transfers to workers. If the two countries are homogeneous in all...