Description |
1 online resource (31 pages) |
Series |
IMF working paper, 2227-8885 ; WP/04/178 |
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IMF working paper ; WP/04/178.
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Contents |
Contents -- I. INTRODUCTION -- II. THEORETICAL CONSIDERATIONS AND REVIEW OF EMPIRICAL WORK -- A. International Trade Taxes -- B. Taxes on Goods and Services -- C. Taxes on Income and Profits and Capital Gains -- III. DATA AND METHODOLOGY -- IV. EMPIRICAL RESULTS -- V. CONCLUSION -- Data Definitions -- References |
Summary |
Empirical evidence on the relationship between trade liberalization, exchange rates, and tax revenue is mixed. This paper examines these linkages anew. Using a panel of 22 countries in Sub-Saharan Africa, over 1980-1996, we perform Generalized Method of Moment regressions to test this relationship. We find evidence that the relationship between trade liberalization and tax revenue is sensitive to the measure used to proxy trade liberalization, but that, in general, trade liberalization is not strongly linked to aggregate tax revenue or its components-though with one measure, it is linked to higher income tax revenue. Currency appreciation and higher inflation show some linkage to lower tax revenues or its components. These results show some partial consistency with previous findings, and support the notion that trade liberalization accompanied by appropriate macroeconomic policies can be undertaken in a way that preserves overall revenue yield |
Bibliography |
Includes bibliographical references |
Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Foreign exchange rates -- Africa, Sub-Saharan
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Taxation -- Africa, Sub-Saharan
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Commercial policy
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Foreign exchange rates
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Taxation
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SUBJECT |
Africa, Sub-Saharan -- Commercial policy
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Subject |
Sub-Saharan Africa
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Form |
Electronic book
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Author |
Stotsky, Janet Gale, author.
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WoldeMariam, Asegedech, author.
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International Monetary Fund. Fiscal Affairs Department, issuing body.
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International Monetary Fund. Secretary's Department, issuing body.
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ISBN |
1451904347 |
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9781451904345 |
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9781451858983 |
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1451858981 |
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