Tax Efficiency in an Open Economy /

This note assesses the relative efficiency of different tax bases in an open economy. If terms of trade effects are large, lump-sum taxation may be inferior to distortionary consumption or wage taxes. This result is demonstrated analytically using a simple neoclassical model. An overlapping generati...

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Autor principal: Pujol, Thierry
Altres autors: Perraudin, W.
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1990.
Col·lecció:IMF Working Papers; Working Paper ; No. 1990/094
Accés en línia:Full text available on IMF
Descripció
Sumari:This note assesses the relative efficiency of different tax bases in an open economy. If terms of trade effects are large, lump-sum taxation may be inferior to distortionary consumption or wage taxes. This result is demonstrated analytically using a simple neoclassical model. An overlapping generations, general equilibrium, simulation model is then employed to show the empirical significance of the effects involved.
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Descripció física:1 online resource (14 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students