Format:
1 Online-Ressource (circa 36 Seiten)
,
Illustrationen
ISBN:
9781484363034
Series Statement:
IMF working paper WP/18, 146
Content:
We quantitatively investigate the macroeconomic and distributional impacts of fiscal consolidations in low-income countries (LICs) through value added tax (VAT), personal income tax (PIT), and corporate income tax (CIT). We extend the standard heterogeneous agents incomplete markets model by including multiple sectors and rural-urban distinction to capture salient features of LICs. We find that overall, VAT has the least efficiency costs but is highly regressive, while PIT impacts the economy in the opposite way with CIT staying in between. Cash transfers targeting rural households mitigate the negative distributional impacts of VAT most effectively, while public investment leads to little redistribution
Additional Edition:
Erscheint auch als Druck-Ausgabe Peralta Alva, Adrian The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low-income Countries Washington, D.C. : International Monetary Fund, 2018 ISBN 9781484363034
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484363034.001
URL:
Volltext
(kostenfrei)
URL:
Volltext
(kostenfrei)
Bookmarklink