Domestic consumption in most countries is taxed through general sales taxes, excise taxes on specific commodities, and a variety of miscellaneous taxes on such services as hotel and transfers of property...
Numerous distortions and costs are created as a result of corporate taxes. Choices with respect to organizational form (the incorporation decision), financial structure (debt-equity ratio), and dividend...
This brief discusses some implications of the recent Development Committee (DC) communique that entrusted the Bank with the development and operationalization of growth-oriented, country-specific approaches...
The Solow model of economic growth (Solow, 1956, Swan, 1956) concludes that poorer countries will tend to grow faster than richer ones-provided that countries share the same production function, savings...
The degree of openness of a country tends to be found to be a robust determinant of growth in GDP per capita in cross-country and panel growth regressions. Furthermore, Ben-David (1996) shows that trade...
The positive relationship between years of education and income at the individual level is a well established empirical relationship. Decades of estimation of mincerian wage regressions have lead to a...
While only measures properly reflecting net societal benefits should be used to rank policies, several other measures also attempting to summarize the value of net flows are often presented -- i.e., the...