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Innovative Sources of Development Finance
Discussion Paper No. 2002/98 Innovative Sources of Development Finance Global Cooperation in the Twenty-first Century Raghbendra Jha* October 2002 Abstract This paper argues that in view of the resource crunch confronting many developing countries and the fall in overseas development aid flows to them, new sources of development finance need to be found. We consider international taxes, fees and levies that could considerably augment aid flows to developing countries and some of which may have coincident beneficial effects. Estimates of the revenue yield from such taxes and levies are also presented. The paper proposes the establishment of a ‘world development organization’ to coordinate such effort. A formula for voting within the organization and another for disbursal of such aid are suggested. Keywords: global taxes, fees and charges, world development organization JEL classification: F02, F35, H23, H87 Copyright UNU/WIDER 2002 * Australia South Asia Research Centre, Research School of Pacific and Asian Studies, Australian National University; email: [email protected] This study has been prepared within the UNU/WIDER project on the Sustainability of External Development Financing, which is directed by Matthew Odedokun. UNU/WIDER gratefully acknowledges the financial contribution to the project by the Ministry for Foreign Affairs of Finland. Acknowledgement I would like to thank Matthew Odedokun and mark McGillivrary for helpful comments and Anurga Sharms for research assistance. All opinions and any errors are mine. UNU World Institute for Development Economics Research (UNU/WIDER) was established by the United Nations University as its first research and training centre and started work in Helsinki, Finland in 1985. -
Evaluation of Environmental Tax Reforms: International Experiences
EVALUATION OF ENVIRONMENTAL TAX REFORMS: INTERNATIONAL EXPERIENCES Final Report Prepared by: Institute for European Environmental Policy (IEEP) 55 Quai au Foin 1000 Brussels Belgium 21 June 2013 Disclaimer: The arguments expressed in this report are solely those of the authors, and do not reflect the opinion of any other party. This report should be cited as follows: Withana, S., ten Brink, P., Kretschmer, B., Mazza, L., Hjerp, P., Sauter, R., (2013) Evaluation of environmental tax reforms: International experiences , A report by the Institute for European Environmental Policy (IEEP) for the State Secretariat for Economic Affairs (SECO) and the Federal Finance Administration (FFA) of Switzerland. Final Report. Brussels. 2013. Citation for report annexes: Withana, S., ten Brink, P., Kretschmer, B., Mazza, L., Hjerp, P., Sauter, R., Malou, A., and Illes, A., (2013) Annexes to Final Report - Evaluation of environmental tax reforms: International experiences . A report by the Institute for European Environmental Policy (IEEP) for the State Secretariat for Economic Affairs (SECO) and the Federal Finance Administration (FFA) of Switzerland. Brussels. 2013. Acknowledgements The authors would like to thank the following for their contributions to the study: Kai Schlegelmilch (Green Budget Europe); Stefan Speck (European Environment Agency - EEA); Herman Vollebergh (PBL – Netherlands Environmental Assessment Agency); Hans Vos (Independent); Mikael Skou Andersen (European Environment Agency – EEA); Frank Convery (University College Dublin); Aldo Ravazzi (Ministry of Environment, Italy); Vladislav Rezek (Ministry of Finance, Czech Republic); Frans Oosterhuis (Institute for Environmental Studies - Vrije Universiteit - IVM); Constanze Adolf (Green Budget Europe); and Janne Stene (Bellona). The authors would also like to thank the members of the Working Group accompanying the study: Carsten Colombier (Leiter) (EFV); Marianne Abt (SECO); Fabian Mahnig (EDA MAHFA); Nicole Mathys (BFE); Reto Stroh (EZV); Michel Tschirren (BAFU); and Martina Zahno (EFV). -
Taxation of Land and Economic Growth
economies Article Taxation of Land and Economic Growth Shulu Che 1, Ronald Ravinesh Kumar 2 and Peter J. Stauvermann 1,* 1 Department of Global Business and Economics, Changwon National University, Changwon 51140, Korea; [email protected] 2 School of Accounting, Finance and Economics, Laucala Campus, The University of the South Pacific, Suva 40302, Fiji; [email protected] * Correspondence: [email protected]; Tel.: +82-55-213-3309 Abstract: In this paper, we theoretically analyze the effects of three types of land taxes on economic growth using an overlapping generation model in which land can be used for production or con- sumption (housing) purposes. Based on the analyses in which land is used as a factor of production, we can confirm that the taxation of land will lead to an increase in the growth rate of the economy. Particularly, we show that the introduction of a tax on land rents, a tax on the value of land or a stamp duty will cause the net price of land to decline. Further, we show that the nationalization of land and the redistribution of the land rents to the young generation will maximize the growth rate of the economy. Keywords: taxation of land; land rents; overlapping generation model; land property; endoge- nous growth Citation: Che, Shulu, Ronald 1. Introduction Ravinesh Kumar, and Peter J. In this paper, we use a growth model to theoretically investigate the influence of Stauvermann. 2021. Taxation of Land different types of land tax on economic growth. Further, we investigate how the allocation and Economic Growth. Economies 9: of the tax revenue influences the growth of the economy. -
An Analysis of a Consumption Tax for California
An Analysis of a Consumption Tax for California 1 Fred E. Foldvary, Colleen E. Haight, and Annette Nellen The authors conducted this study at the request of the California Senate Office of Research (SOR). This report presents the authors’ opinions and findings, which are not necessarily endorsed by the SOR. 1 Dr. Fred E. Foldvary, Lecturer, Economics Department, San Jose State University, [email protected]; Dr. Colleen E. Haight, Associate Professor and Chair, Economics Department, San Jose State University, [email protected]; Dr. Annette Nellen, Professor, Lucas College of Business, San Jose State University, [email protected]. The authors wish to thank the Center for California Studies at California State University, Sacramento for their [email protected]; Dr. Colleen E. Haight, Associate Professor and Chair, Economics Department, San Jose State University, [email protected]; Dr. Annette Nellen, Professor, Lucas College of Business, San Jose State University, [email protected]. The authors wish to thank the Center for California Studies at California State University, Sacramento for their funding. Executive Summary This study attempts to answer the question: should California broaden its use of a consumption tax, and if so, how? In considering this question, we must also consider the ultimate purpose of a system of taxation: namely to raise sufficient revenues to support the spending goals of the state in the most efficient manner. Recent tax reform proposals in California have included a business net receipts tax (BNRT), as well as a more comprehensive sales tax. However, though the timing is right, given the increasingly global and digital nature of California’s economy, the recent 2008 recession tabled the discussion in favor of more urgent matters. -
Markets Not Capitalism Explores the Gap Between Radically Freed Markets and the Capitalist-Controlled Markets That Prevail Today
individualist anarchism against bosses, inequality, corporate power, and structural poverty Edited by Gary Chartier & Charles W. Johnson Individualist anarchists believe in mutual exchange, not economic privilege. They believe in freed markets, not capitalism. They defend a distinctive response to the challenges of ending global capitalism and achieving social justice: eliminate the political privileges that prop up capitalists. Massive concentrations of wealth, rigid economic hierarchies, and unsustainable modes of production are not the results of the market form, but of markets deformed and rigged by a network of state-secured controls and privileges to the business class. Markets Not Capitalism explores the gap between radically freed markets and the capitalist-controlled markets that prevail today. It explains how liberating market exchange from state capitalist privilege can abolish structural poverty, help working people take control over the conditions of their labor, and redistribute wealth and social power. Featuring discussions of socialism, capitalism, markets, ownership, labor struggle, grassroots privatization, intellectual property, health care, racism, sexism, and environmental issues, this unique collection brings together classic essays by Cleyre, and such contemporary innovators as Kevin Carson and Roderick Long. It introduces an eye-opening approach to radical social thought, rooted equally in libertarian socialism and market anarchism. “We on the left need a good shake to get us thinking, and these arguments for market anarchism do the job in lively and thoughtful fashion.” – Alexander Cockburn, editor and publisher, Counterpunch “Anarchy is not chaos; nor is it violence. This rich and provocative gathering of essays by anarchists past and present imagines society unburdened by state, markets un-warped by capitalism. -
Working Paper No. 517 What Are the Relative Macroeconomic Merits And
Working Paper No. 517 What Are the Relative Macroeconomic Merits and Environmental Impacts of Direct Job Creation and Basic Income Guarantees? by Pavlina R. Tcherneva The Levy Economics Institute of Bard College October 2007 The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. The Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 http://www.levy.org Copyright © The Levy Economics Institute 2007 All rights reserved. ABSTRACT There is a body of literature that favors universal and unconditional public assurance policies over those that are targeted and means-tested. Two such proposals—the basic income proposal and job guarantees—are discussed here. The paper evaluates the impact of each program on macroeconomic stability, arguing that direct job creation has inherent stabilization features that are lacking in the basic income proposal. A discussion of modern finance and labor market dynamics renders the latter proposal inherently inflationary, and potentially stagflationary. After studying the macroeconomic viability of each program, the paper elaborates on their environmental merits. It is argued that the “green” consequences of the basic income proposal are likely to emerge, not from its modus operandi, but from the tax schemes that have been advanced for its financing. -
Towards a New Form of Economic Development
Towards a New Form of Economic Development: Why the Need for an Ownership Revolution Has Never Been Greater Jerome Birolini Schumacher College MA Economics for Transition SCH504 Schumacher College Dissertation August 2014 1 ABSTRACT The following paper is rooted in what is now globally recognized as one of the main threats for the future of our civilization, namely social and economic inequality. After initially looking at the causes and consequences of inequality, we will focus our attention to the economic thinking which came out of highly unequal times. The mutualist and cooperative principles which were at the heart of their practices remain a great source of inspiration for today's activists and have been informing some of the most promising social experiments which are currently taking place around the Globe. In the second part of the paper, we will look into more details at the community land trust, the social enterprise and the co-operative, three different types of community wealth-building strategies. By vesting ownership in community stakeholders and therefore preventing capital to leak out from the locality, these types of approaches have proved that can help improve the ability of communities and their residents to own assets, anchor jobs, expand public services, and ensure local economic stability while contributing to environmental sustainability and social justice. Yet a key lesson learned from the case study analysis is that a core element of their success is the support of local civic leaders and the establishment of multi-stakeholder partnerships. As economic decline, government austerity, privatization and wealth inequality continue to squeeze ordinary citizens and lead to the rapid expansion of a new precariat, we will argue that this type of collaborative, locally-rooted and community-owned approaches should now be embraced by the public sector if we are to advance the building blocks for a fairer, more sustainable and more resilient society. -
Socialist Planning
Socialist Planning Socialist planning played an enormous role in the economic and political history of the twentieth century. Beginning in the USSR it spread round the world. It influenced economic institutions and economic policy in countries as varied as Bulgaria, USA, China, Japan, India, Poland and France. How did it work? What were its weaknesses and strengths? What is its legacy for the twenty-first century? Now in its third edition, this textbook is fully updated to cover the findings of the period since the collapse of the USSR. It provides an overview of socialist planning, explains the underlying theory and its limitations, looks at its implementation in various sectors of the economy, and places developments in their historical context. A new chap- ter analyses how planning worked in the defence–industry complex. This book is an ideal text for undergraduate and graduate students taking courses in comparative economic systems and twentieth-century economic history. michael ellman is Emeritus Professor in the Faculty of Economics and Business, University of Amsterdam, Netherlands. He is the author, co- author and editor of numerous books and articles on the Soviet and Russian economies, on transition economics, and on Soviet economic and political history. In 1998, he was awarded the Kondratieff prize for his ‘contributions to the development of the social sciences’. Downloaded from Cambridge Books Online by IP 128.122.253.212 on Sat Jan 10 18:08:28 GMT 2015. http://ebooks.cambridge.org/ebook.jsf?bid=CBO9781139871341 Cambridge Books Online © Cambridge University Press, 2015 Downloaded from Cambridge Books Online by IP 128.122.253.212 on Sat Jan 10 18:08:28 GMT 2015. -
Enlightenment and Dissent No.29 Sept
ENLIGHTENMENT AND DISSENT No.29 CONTENTS Articles 1 Lesser British Jacobin and Anti-Jacobin Writers during the French Revolution H T Dickinson 42 Concepts of modesty and humility: the eighteenth-century British discourses William Stafford 79 The Invention of Female Biography Gina Luria Walker Reviews 137 Scott Mandelbrote and Michael Ledger-Lomas eds., Dissent and the Bible in Britain, c. 1650-1950 David Bebbington 140 W A Speck, A Political Biography of Thomas Paine H T Dickinson 143 H B Nisbet, Gottfried Ephraim Lessing: His Life, Works & Thought J C Lees 147 Lisa Curtis-Wendlandt, Paul Gibbard and Karen Green eds., Political Ideas of Enlightenment Women Emma Macleod 150 Jon Parkin and Timothy Stanton eds., Natural Law and Toleration in the Early Enlightenment Alan P F Sell 155 Alan P F Sell, The Theological Education of the Ministry: Soundings in the British Reformed and Dissenting Traditions Leonard Smith 158 David Sekers, A Lady of Cotton. Hannah Greg, Mistress of Quarry Bank Mill Ruth Watts Short Notice 161 William Godwin. An Enquiry Concerning Political Justice ed. with intro. Mark Philp Martin Fitzpatrick Documents 163 The Diary of Hannah Lightbody: errata and addenda David Sekers Lesser British Jacobin and Anti-Jacobin Writers during the French Revolution H T Dickinson In the late eighteenth century Britain possessed the freest, most wide-ranging and best circulating press in Europe. 1 A high proportion of the products of the press were concerned with domestic and foreign politics and with wars which directly involved Britain and affected her economy. Not surprisingly therefore the French Revolution and the French Revolutionary War, impacting as they did on British domestic politics, had a huge influence on what the British press produced in the years between 1789 and 1802. -
Convey 04 Eug. Amend 06 Aug. Final
LAW SOCIETY CONVEYANCING HANDBOOK CHAPTER 4 LANDLORD AND TENANT LEASES OF meeting of the solicitors acting for Lending Institutions in Dublin has considered the DWELLINGHOUSES Aeffect of Section 2 of the Landlord and Tenant (Ground Rents) (No. 1) Bill 1977, having regard to the practice of leases of dwellinghouses on building estates being executed 1978 (NO.1) ACT by all parties well in advance of the completion of the houses, and being held in escrow by the lessor’s solicitors, usually to enable stamp duty on the lease to be assessed and impressed prior to completion. It was the unanimous view of the solicitors present that such a lease even though dated prior to the date of coming into force of the Act would be void under the Act if it were held in escrow at the date of the passing of the Act and then delivered to the purchasers afterwards. The meeting further considered the difficulties which would face a Lending Institution’s solicitor presented, shortly after the passing of the Act, with a lease dated prior to the date of passing of the Act, of deciding whether such a lease were void because it had been held in escrow or valid because it had been delivered prior to the passing of the Act. The view of the meeting was that a Lending Institution solicitor could not undertake the burden of making such a decision. The meeting noted that the provisions of Section 2, Sub-section (4) of the Bill which protected the position of a purchaser of a leasehold interest deemed void under Section 2, Sub-section (1), did not extend to a mortgagee and accordingly agreed that the solicitors acting for Lending Institutions would not be able to accept leases of dwellinghouses after the date of coming into force of the Act even though the leases might have been dated prior to the passing of the Act. -
The Depression of 2008
The Depression of 2008 by Fred E. Foldvary The Depression of 2008 by Fred E. Foldvary Second edition, Sept. 18, 2007 Copyright 2007. All rights reserved. Permission to copy excerpts for publication is granted provided that full credit (author, year, title, publisher, page numbers) is given and a copy of the publication is sent to the Gutenberg Press. ISBN 0-9603872-0-X The Gutenberg Press PO Box 9597 Berkeley CA 94709 [email protected] 1 Recessions and depressions The U.S. economy as well as much of the global economy will very likely fall into a depression in 2008. This booklet will explain why there will be a recession and depression by the end of the decade of 2000- 2010, and why the most probable year is 2008. You will learn how you can minimize your losses or even gain from this depression, and how government policies need to change to prevent future depressions. We need to first be clear on the difference between a recession and a depression. A recession is related to the word “recede,” meaning to fall back. An economic recession is a fall in total output that lasts for a significant time interval. In the U.S., a recession is usually recognized when the gross domestic product, the total output of legally produced goods, falls during two consecutive quarters, i.e. for six months. An economy is depressed when output falls below the long-run trend. Therefore a depression begins during a recession when GDP falls below the long-run trend and ends in the recovery when GDP rises above that trend. -
A Macroeconomic Henry George Theorem
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Mattauch, Linus; Siegmeier, Jan; Edenhofer, Ottmar; Creutzig, Felix Working Paper Financing Public Capital through Land Rent Taxation: A Macroeconomic Henry George Theorem CESifo Working Paper, No. 4280 Provided in Cooperation with: Ifo Institute – Leibniz Institute for Economic Research at the University of Munich Suggested Citation: Mattauch, Linus; Siegmeier, Jan; Edenhofer, Ottmar; Creutzig, Felix (2013) : Financing Public Capital through Land Rent Taxation: A Macroeconomic Henry George Theorem, CESifo Working Paper, No. 4280, Center for Economic Studies and ifo Institute (CESifo), Munich This Version is available at: http://hdl.handle.net/10419/77659 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Financing Public Capital through Land Rent Taxation: A Macroeconomic Henry George Theorem Linus Mattauch Jan Siegmeier Ottmar Edenhofer Felix Creutzig CESIFO WORKING PAPER NO.