Government Role and the Efficiency of Policy Instruments [electronic resource] / Vito Tanzi.
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TextSeries: IMF Working Papers; Working Paper ; No. 95/100Publication details: Washington, D.C. : International Monetary Fund, 1995Description: 1 online resource (22 p.)ISBN: 1451852347 :ISSN: 1018-5941Subject(s): Fiscal Activities | Public Spending | Quasi-Fiscal Activities | Tax Revenue | Taxation | Algeria | Congo, Democratic Republic of the | Ghana | Mexico | Sri LankaAdditional physical formats: Print Version:: Government Role and the Efficiency of Policy InstrumentsOnline resources: IMF e-Library | IMF Book Store Abstract: Comparisons about the role of the government in an economy are usually made by reference to the share of tax revenue or of public expenditure in gross domestic product. However, governments often use other tools for pursuing their objectives. The paper discusses these other tools, shows the extent to which they can replace the traditional fiscal instruments, and assesses their quantitative importance. Various highly speculative hypotheses are advanced about the role of these other tools in countries at different levels of development.
Comparisons about the role of the government in an economy are usually made by reference to the share of tax revenue or of public expenditure in gross domestic product. However, governments often use other tools for pursuing their objectives. The paper discusses these other tools, shows the extent to which they can replace the traditional fiscal instruments, and assesses their quantitative importance. Various highly speculative hypotheses are advanced about the role of these other tools in countries at different levels of development.
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