INTERNATIONAL ECONOMIC JOURNAL最新文献

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Efficiency and Welfare Effects of Fiscal Policy in Emerging Economies: The Case of Morocco 新兴经济体财政政策的效率和福利效应：摩洛哥案例

IF 0.9 Q3 ECONOMICS

INTERNATIONAL ECONOMIC JOURNAL

Pub Date : 2024-07-18 DOI: 10.1080/10168737.2024.2380455

Ahmed El Khalifi, H. Ouakil, J. Torres

The welfare cost of fiscal policy does not only depend on distortions by taxation, but also on how public revenues are spent in the economy, and on wealth inequality. Many of the government’s spending activities are related to the provision of consumption goods and services, and the provision of public inputs. Hence, optimal taxation policy is not independent of how fiscal revenues are spent. This paper uses a model with two types of agents: Active households (who behave as Ricardian agents) and non-active government-dependent households (who behave as hand-to-mouth agents). The model economy considers a detailed government for both fiscal revenues and public spending. We compute welfare changes of different tax rates and alternative spending policies and quantify the trade-off of fiscal policy across the two groups of agents. The main results can be presented as follows: i) Distortions from some taxes on economic activity can be positive due to the presence of public inputs. ii) Output eﬀiciency can be gained by changing the tax mix while keeping constant fiscal revenues. iii) Total welfare gains can be obtained by increasing tax rates, except the capital income tax, at the cost of reducing the welfare of active households.

财政政策的福利成本不仅取决于税收的扭曲，还取决于公共收入在经济中的使用方式以及财富的不平等。政府的许多支出活动都与提供消费品和服务以及提供公共投入有关。因此，最优税收政策并不独立于财政收入的支出方式。本文使用的模型有两类代理人：主动型家庭（行为方式为李嘉图式的代理人）和非主动型依赖政府的家庭（行为方式为手到擒来式的代理人）。该经济模型考虑了政府在财政收入和公共支出方面的详细情况。我们计算了不同税率和替代支出政策的福利变化，并量化了财政政策在两类代理人之间的权衡。主要结果如下：i) 由于公共投入的存在，某些税收对经济活动的扭曲可能是正向的。ii) 在保持财政收入不变的情况下，通过改变税收组合可以获得产出效率。iii) 通过提高税率（资本所得税除外）可以获得总福利收益，但要以降低活跃家庭的福利为代价。

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IF 0.9 Q3 ECONOMICS

INTERNATIONAL ECONOMIC JOURNAL

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IF 0.9 Q3 ECONOMICS

INTERNATIONAL ECONOMIC JOURNAL

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IF 0.9 Q3 ECONOMICS

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