Optimal incentives to domestic investment in the presence of capital flight
By: prepared by Assaf Razin and Efraim Sadka.
Contributors: Razin, Assaf.; Sadka, Efraim.; International Monetary Fund. Research Dept.; International Monetary Fund. Fiscal Affairs Dept.
Series: IMF working paper -- WP/89/79
Publisher: International Monetary Fund
Published: 1989
Place of publication: Washington, D.C
Language: eng
Number of pages: 15
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.
Notes: Cover title.

Bibliography: p. 15.