Spend Now, Pay Later? : Tax Smoothing and Fiscal Sustainability in South Asia.
This paper tests a version of Barro's tax-smoothing model, which assumes intertemporal optimization by a government seeking to minimize the distortionary costs of taxation, using Pakistan and Sri Lankan data for 1956-95 and 1964-97, respectively. The empirical results indicate that Pakistan...
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1999/063 |
| Dostęp online: | Full text available on IMF |