LEADER 04390oam 22009614 450 001 9910788410703321 005 20230828232550.0 010 $a1-4623-3164-5 010 $a1-4527-9050-7 010 $a1-283-51340-4 010 $a9786613825858 010 $a1-4519-8506-1 035 $a(CKB)3360000000443577 035 $a(EBL)3014430 035 $a(SSID)ssj0000940795 035 $a(PQKBManifestationID)11518089 035 $a(PQKBTitleCode)TC0000940795 035 $a(PQKBWorkID)10955828 035 $a(PQKB)11508504 035 $a(OCoLC)694141078 035 $a(MiAaPQ)EBC3014430 035 $a(IMF)WPIEE2006165 035 $a(EXLCZ)993360000000443577 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aExpenditure Composition and Distortionary Tax for Equitable Economic Growth /$fHyun Park 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (40 p.) 225 1 $aIMF Working Papers 300 $a"June 2006." 311 $a1-4518-6425-6 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. THE DECENTRALIZED COMPETITIVE EQUILIBRIUM""; ""III. RAMSEY OPTIMAL POLICY AND EQUILIBRIUM""; ""IV. EMPIRICAL OBSERVATIONS""; ""V. CONCLUDING REMARKS"" 330 3 $aThis paper continues the study of optimal fiscal policy in a growing economy by exploring a case in which the government simultaneously provides three main categories of expenditures with distortionary tax finance: public production services, public consumption services, and state-contingent redistributive transfers. The paper shows that in a general equilibrium model with given exogenous fiscal policy, a nonlinear relation exists between the suboptimal longrun growth rate in a competitive economy and distortionary tax rates. When fiscal policy is endogenously chosen at a social optimum, the relation between the rate of growth and tax rates is always negative. These two conclusions suggest that the interaction between fiscal policy and growth may be complicated enough that it cannot be captured in a simple linear model using an aggregate measure of fiscal policy. The sources of nonlinearity include expectation and coordination of fiscal policy, impluse response of government policies, and the presence of positive externality due to government spending. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/165 606 $aExpenditures, Public$xEconometric models 606 $aFiscal policy$xEconometric models 606 $aTaxation$xEconometric models 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aFiscal Policy$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aPublic finance & taxation$2imf 606 $aExpenditure$2imf 606 $aFiscal policy$2imf 606 $aRevenue administration$2imf 606 $aIncome$2imf 606 $aIncome inequality$2imf 606 $aExpenditures, Public$2imf 606 $aRevenue$2imf 606 $aIncome distribution$2imf 607 $aDenmark$2imf 615 0$aExpenditures, Public$xEconometric models. 615 0$aFiscal policy$xEconometric models. 615 0$aTaxation$xEconometric models. 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aNational Government Expenditures and Related Policies: General 615 7$aFiscal Policy 615 7$aAggregate Factor Income Distribution 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aPublic finance & taxation 615 7$aExpenditure 615 7$aFiscal policy 615 7$aRevenue administration 615 7$aIncome 615 7$aIncome inequality 615 7$aExpenditures, Public 615 7$aRevenue 615 7$aIncome distribution 700 $aPark$b Hyun$01546553 712 02$aInternational Monetary Fund.$bFiscal Affairs Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788410703321 996 $aExpenditure Composition and Distortionary Tax for Equitable Economic Growth$93802243 997 $aUNINA