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This paper studies an optimal tax problem for a small open economy where collecting taxes is costly. It is shown that, in the presence of collection costs modeled as an increasing function of the tax rate: (a) the standard rules of optimal commodity taxation (the Ramsey, the inverse elasticity, the Corlett-Hague rules) may no longer be valid; (b) tariffs may replace domestic taxes as a second-best revenue-raising device; and (c) the optimal tariff/tax structure may be uniform rather than differentiated.
Taxation --- Economic Theory --- Trade Policy --- International Trade Organizations --- Efficiency --- Optimal Taxation --- Fiscal Policy --- Business Taxes and Subsidies --- Agriculture: Aggregate Supply and Demand Analysis --- Prices --- Public finance & taxation --- Economic theory & philosophy --- Consumption taxes --- Tariffs --- Taxes on trade --- Optimal taxation --- Demand elasticity --- Taxes --- Tax policy --- Economic theory --- Spendings tax --- Tariff --- Tax administration and procedure --- Elasticity --- Economics --- United States
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YOUGOSLAVIE --- SERVICES --- THEORIE MACROECONOMIQUE --- FINANCEMENT --- ENTREPRISE PUBLIQUE --- AUTOGESTION --- YOUGOSLAVIE --- SERVICES --- THEORIE MACROECONOMIQUE --- FINANCEMENT --- ENTREPRISE PUBLIQUE --- AUTOGESTION
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This paper provides a detailed account of Hong Kong on the eve of its reintegration into China as a special administrative region. It analyzes recent economic development and provides a clear overview of Hong Kong's economic, financial, institutional, and political circumstances, as well a brief look at its history over the last hundred years. It suggests the changes the economy will undergo in the transition process and what it can expect in the future.
Business cycles --- Hong Kong --- Hong Kong (China) --- Hong Kong (Chine) --- Hong-Kong (Chine) --- Economic conditions. --- Economic policy. --- Politics and government. --- Conditions économiques --- Politique économique --- Politique et gouvernement --- Economic policy --- Economic conditions --- Politics and government --- 338 <512.317> --- 338.22 <512.317> --- China --- economie --- economisch beleid --- overheid --- productie --- chine --- croissance economique --- hongkong --- politique economique --- CN / China - Chine --- HK / Hong Kong --- 331.30 --- 331.32 --- 330.05 --- 338.95125 --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Hong-Kong --- Economische organisatieleer. Economisch beleid. Economische politiek--Hong-Kong --- china --- economische groei --- Economische toestand. --- Structuur van de economie. --- -Hong Kong (China) --- -Economic conditions --- Working papers --- 338.22 <512.317> Economische organisatieleer. Economisch beleid. Economische politiek--Hong-Kong --- 338 <512.317> Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Hong-Kong --- Conditions économiques --- Politique économique --- Economische toestand --- Structuur van de economie --- Hong Kong (China) - Economic policy --- Hong Kong (China) - Economic conditions --- Hong Kong (China) - Politics and government --- Banks and Banking --- Exports and Imports --- Labor --- Macroeconomics --- Production and Operations Management --- Money and Monetary Policy --- Public Finance --- Foreign Exchange --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Trade: General --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Macroeconomics: Production --- National Government Expenditures and Related Policies: General --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- International economics --- Banking --- Monetary economics --- Finance --- Currency --- Foreign exchange --- Labour --- income economics --- Public finance & taxation --- Imports --- Exports --- Services sector --- Productivity --- Expenditure --- International trade --- Economic sectors --- Manufacturing --- Labor productivity --- Production --- Housing --- National accounts --- Banks and banking --- Service industries --- Expenditures, Public --- Manufacturing industries --- Hong Kong Special Administrative Region, People's Republic of China --- Income economics
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