Public finance and economic development : reflections based on the experience in China (English)

Low tax revenue and slow economic growth are two central concerns in developing countries. However, policies that raise tax revenue also harm economic growth. With tax revenue coming mainly from large capital-intensive firms, and with a large informal sector, policies that aid large firms and policies that discourage entry of new firms both help increase tax revenue. Entrepreneurial activity as a result is discouraged, lowering growth. There is a...

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Author

Gordon,Roger H.;
Document Date
2009/01/01
Document Type
Working Paper (Numbered Series)
Report Number
57760
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/12/09
Disclosure Status
Disclosed
Doc Name
Public finance and economic development : reflections based on the experience in China
Keywords
tax revenue

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Citation

Gordon,Roger H..

Public finance and economic development : reflections based on the experience in China (English). Commission on growth and development working paper ; no. 61 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/493491468151473073

Public finance and economic development : reflections based on the experience in China (English)

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