Income Tax, Property Tax, and Tariff in a Small Open Economy

Posted: 18 Nov 1999

See all articles by Charles Ka Yui Leung

Charles Ka Yui Leung

The Chinese University of Hong Kong (CUHK) - Department of Economics

Abstract

Why do some countries enjoy high economic growth rates while some suffer in "low-growth traps"? Why are tax policies in different countries so different? Some suggest that it is exactly these differences in government policies which contribute to the difference in economic growth rates. This paper considers a small open economy which sustains its economic growth by adopting new technologies. When the value of initial wealth is "relative small," policies which promote growth most result in the highest welfare. In other cases, policies that discourage growth most may be welfare-maximizing.

JEL Classification: O41, F43, H21, O30, R31

Suggested Citation

Leung, Ka Yui Charles, Income Tax, Property Tax, and Tariff in a Small Open Economy. Review of International Economics, Vol. 7, Issue 3, 1998. Available at SSRN: https://ssrn.com/abstract=182133

Ka Yui Charles Leung (Contact Author)

The Chinese University of Hong Kong (CUHK) - Department of Economics ( email )

Shatin, N.T.
Hong Kong
+852-2609-7158 (Phone)
+852-2603-5805 (Fax)

HOME PAGE: http://www.cuhk.edu.hk/eco/staff/kyleung

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