Optimal Incentives to Domestic Investment in the Presence of Capital Flight
AbstractThis 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.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3080.
Date of creation: Oct 1991
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Federal Reserve Bank of San Francisco, pages 29-37.
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- Collier, Paul & Hoeffler, Anke & Pattillo, Catherine, 1999.
"Flight capital as a portfolio choice,"
Policy Research Working Paper Series
2066, The World Bank.
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