Download This PaperOptimal Incentives to Domestic Investment in the Presence of Capital Flight
34 Pages Posted: 19 Jun 2004 Last revised: 1 Mar 2024
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Optimal Incentives to Domestic Investment in the Presence of Capital Flight
Date Written: August 1989
Abstract
This 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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CESifo (Center for Economic Studies and Ifo Institute)
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CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
HOME PAGE: http://www.CESifo.de
IZA Institute of Labor Economics
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Bonn, D-53072
Germany
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