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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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Bibliographic Details
Main Author: Pujol, Thierry
Other Authors: Perraudin, W.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1990
Series:IMF Working Papers
Subjects:
Terms Of Trade
Personal Income And Other Nonbusiness Taxes And Subsidies
Taxation
Labor
Empirical Studies Of Trade
Macroeconomics: Consumption
Consumption Taxes
Nternational Cooperation
Saving
Wealth
Consumption
Business Taxes And Subsidies
Personal Income Tax
Demand And Supply Of Labor: General
Public Finance & Taxation
Labor Supply
Macroeconomics
Labour
Spendings Tax
Personal Finance -taxation
Exports And Imports
Income Tax
Income Economics
Labor Market
Economics
International Economics
Economic Policy
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:14 pages
ISBN:9781451950663

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