Optimal incentives to domestic investment in the presence of capital flight
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Author
Contributions
- Razin, Assaf. - Contributor
- Sadka, Efraim. - Contributor
- International Monetary Fund. Research Dept. - Contributor
- International Monetary Fund. Fiscal Affairs Dept. - Contributor
Publication
1989 - International Monetary Fund, Washington, D.C, District of Columbia
Language
English
Word Count
3,750 words, Guess
Page Count
15 pages
Identifiers
- Open LibraryOL14790814M
- OCLC Control Number37690361
Classifications
- LCCHG3891 .R39x 1989
Description
This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made between a benchmark case where the government can fully tax foreign-source income and a more realistic case where the government cannot effectively tax foreign-source income.
Subjects
Topics
Series Statement
- IMF working paper -- WP/89/79
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