Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Public Finance

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
  • Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices x
Clear All Modify Search
Cover IMF Working Papers
Structural Transformation and Tax Efficiency
Mr. Serhan Cevik
,
Jan Gottschalk
,
Mr. Eric Hutton
,
Laura Jaramillo
,
Pooja Karnane
, and
Moussé Sow
Structural transformation has resulted in an increasing share of services in aggregate value-added in advanced and developing countries across the world. We analyze the impact of this shift into services on countries’ efficiency in collecting the value-added tax (VAT). The analysis is based on two alternative measures of VAT efficiency: (1) the VAT C-efficiency, using a broad panel of 134 countries over the period 1970-2014; and (2) the VAT gap using a more granular, proprietary dataset that draws on the results of IMF’s Revenue Administraion-Gap Analysis Program covering 24 countries over the period 2004-2016. We find that a higher share of services in aggregate value-added reduces the VAT efficiency, and that this adverse effect is mainly a result of a rise of non-tradable services, which in turn contributes to a narrowing of the VAT base.
Keywords:
WP; null hypothesis; VAT C-efficiency; real GDP
Cover IMF Working Papers
The Impact of Product Market Reforms on Firm Productivity in Italy
Mr. Sergi Lanau
and
Petia Topalova
This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity. Using firm-level data from Italy during 2003–13 and OECD measures of product market regulation, we estimate the effect of deregulation in network sectors on value added and productivity of firms in these sectors, as well as firms using these intermediates in their production processes. We find evidence of a significant positive impact. These effects are more pronounced in Italian provinces with more efficient public administration, underscoring the complementarities of advancing public administration and product market reforms simultaneously.
Keywords:
WP; firm; firm performance; productivity; growth; structural reforms; product markets; firm data; performance metrics; downstream firm; firm size variable; firms exit; performance variable; Commodity markets; Public expenditure review; Total factor productivity; Competition; Global
Cover IMF Staff Country Reports
Togo : questions générales
International Monetary Fund. African Dept.
Ce document de la série des questions générales se penche sur l'évaluation de l'activité économique du Togo en l'absence de séries trimestrielles du PIB. Le Togo recueille environ 40 indicateurs macroéconomiques mensuels qui couvrent un grand nombre de secteurs de l'économie. La sélection de variables à inclure dans l'indice d'activité économique est faite en trouvant la meilleure combinaison. Les indicateurs sont agrégés dans un indice à l’aide d'une méthodologie utilisée par le Conference Board des États-Unis. Ceci permet d'établir un indice d'activité économique qui reproduit bien l'évolution des taux de croissance du PIB réel au Togo. L’indice sélectionné réduit au minimum les écarts entre le taux de croissance de l'indicateur et celui du PIB réel effectif sur la période 2002–13.
Keywords:
ISCR; CR; food inflation; Togo; GDP
Cover IMF Staff Country Reports
Togo: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper discusses the assessment of economic activity in Togo in absence of quarterly GDP series. Togo collects about 40 macroeconomic indicators monthly that span a wide range of sectors of the economy. The selection of the variables for the economic activity index is conducted by finding the combination of variables. The indicators are aggregated into an index using a methodology used by the Conference Board. Then an economic activity index is constructed that effectively replicates the historical growth rates of real GDP in Togo. The selected index minimizes the deviations between the growth rates of the indicator and actual real GDP growth over 2002–13.
Keywords:
ISCR; CR; food inflation; Togo; GDP; GDP series; high-frequency Economic Activity Index; inflation dynamics; series correspond; Public investment spending; Inflation; Public investment and public-private partnerships (PPP); Structural transformation; Food prices; West Africa; Sub-Saharan Africa; Global; Asia and Pacific
Cover Staff Discussion Notes
From Ambition to Execution: Policies in Support of Sustainable Development Goals
Ms. Stefania Fabrizio
,
Mr. Rodrigo Garcia-Verdu
,
Ms. Catherine A Pattillo
,
Adrian Peralta
,
Mr. Andrea F Presbitero
,
Baoping Shang
,
Ms. Genevieve Verdier
,
Mrs. Marie T Dal Corso
,
Kazuaki Washimi
,
Ms. Lisa L Kolovich
,
Ms. Monique Newiak
,
Mr. Martin Cihak
,
Ms. Inci Ötker
,
Luis-Felipe Zanna
, and
Ms. Carol L Baker
The formal launch of the Sustainable Development Goals (SDGs) sets the global development agenda through 2030, placing significant emphasis on promoting social and environmental sustainability alongside economic growth and poverty reduction. Meeting the SDGs will require actions across a wide range of areas by both national governments and the international community. This paper examines the types of policies that developing countries will need to implement to foster economic transformation, to promote economic and social inclusion, and to meet key environmental objectives. Reducing inequality, achieving gender equity, and pricing energy and water resources appropriately receive particular attention.
Keywords:
SDN; income; cost; diversification; firm; natural resources; sustainable development goals; growth; structural transformation; Inclusion; Income inequality; financial inclusion; gender inclusion; environmental sustainability; energy pricing; water pricing; fiscal policy; economic growth; labor market; private sector; sustainable development; IMF staff calculation; Global; Middle East; North Africa; East Africa; South Asia
Cover IMF Working Papers
Fiscal Policy and Economic Development
Mr. Alex Mourmouras
and
Mr. Peter Rangazas
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3) Today's developing countries have larger government sectors than did today's developed countries at similar stages of development. The explanations for these facts are based on the structural transformation from traditional (mostly agricultural) to modern (industrial and post-industrial) production, rising public infrastructure investment, and less representative governments in many of today's developing economies.
Keywords:
WP; developing country; economic growth