Author: Bev Dahlby
Publisher: MIT Press
ISBN: 0262292319
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
A unified treatment of the marginal cost of public funds, covering both its theoretical foundations and how the MCF concept can be used to analyze tax policy issues. The marginal cost of public funds (MCF) measures the loss incurred by society in raising additional revenues to finance government spending. The MCF has emerged as one of the most important concepts in public economics; it is a key component in evaluations of tax reforms, public expenditure programs, and other public policies. The Marginal Cost of Public Funds provides a unified treatment of the MCF, carefully developing its theoretical foundations in a variety of contexts and describing its application to a wide range of policies—from excise taxes in Thailand to public sector borrowing in Canada and the United States. The Marginal Cost of Public Funds develops the basic theory of the MCF within the framework of public economics and shows how it is related to the traditional measures of the efficiency loss from distortionary taxation. The MCF concept is then applied to the major sources of revenues for governments—sales and excise taxes, taxes on labor income, taxes on the return to capital, public sector borrowing, and intergovernmental grants. This book will be an essential reference for economists and public policy analysts both in and out of government. Exercises and recommendations for further reading at the end of each main chapter highlight its usefulness as a supplementary text in advanced undergraduate or graduate courses in public economics.
Author: Spencer Bastani
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on either its definition or its quantification. The purpose of this paper is to provide a brief up-to-date guide to the theoretical background, practical application, and empirical quantification of the MCPF, taking into account some recent developments in the public finance literature.
Author: Michael Warlters
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 42
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Book Description
"The authors use a computable general equilibrium model to estimate the marginal cost of public funds (MCF) for taxes on domestic goods, exports, imports, capital, and labor in 38 African countries. The resulting MCF estimates provide directions for tax reform in Africa. The authors investigate the MCFs of hypothetical taxes in the informal sector and the impact of administrative costs. Finally, they investigate the relationship between MCF dispersion and measures of tax system inefficiency. " -- Cover verso.
Author: Agnar Sandmo
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Book Description
Author: Bas Jacobs
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Author: Liqun Liu
Publisher:
ISBN:
Category :
Languages : en
Pages : 264
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Author: Michael Warlters
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Haakon Vennemo
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 0
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Author: Lars Hakonsen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The literature on the marginal cost of public funds (MCF) and the marginal excess burden is presently a very rich one. A problem with this literature, is that several different measures are interpreted as MCF. This paper derives and compares some commonly used measures, and introduces an alternative. Performing a cross-comparison of the various measures seems to be a useful exercise in order to be able to distinguish between which measure is telling us what. Such a taxonomy might clarify the sense in which the different concepts should be used in future writings on this field.
Author: A. Bakir
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 6
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Book Description
