Income tax, property tax, and tariff in a small open economy
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 541-554 |
| Journal / Publication | Review of International Economics |
| Volume | 7 |
| Issue number | 3 |
| Publication status | Published - Aug 1999 |
| Externally published | Yes |
Link(s)
Abstract
Why do some countries enjoy high economic growth rates while some suffer in 'low-growth traps'? Why are tax policies in different countries so different? Some suggest that it is exactly these differences in government policies which contribute to the difference in economic growth rates. This paper considers a small open economy which sustains its economic growth by adopting new technologies. When the value of initial wealth is 'relatively small', policies which promote growth most result in the highest welfare. In other cases, policies that discourage growth most may be welfare-maximizing.
Citation Format(s)
Income tax, property tax, and tariff in a small open economy. / Leung, Charles Ka Yui.
In: Review of International Economics, Vol. 7, No. 3, 08.1999, p. 541-554.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
