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Capital flight, saving rate and the golden rule level of capital: policy recommendations for latin american countries

Citation

Vespignani, J, Capital flight, saving rate and the golden rule level of capital: policy recommendations for latin american countries, American Review of Political Economy, 6, (2) pp. 1-15. ISSN 1551-1383 (2008) [Refereed Article]


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Copyright Statement

(c) 2009. The Author(s). Published with license by the American Review of Political Economy. The American Review of Political Economy is an open access journal published and distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license (https://creativecommons.org/licenses/by-nc-nd/4.0/)

DOI: doi:10.38024/arpe.104

Abstract

This paper seeks to analyze the determinants of capital flight in selected Latin American countries throughout the 1990s, and gives some insights into what economic policies would be adequate under capital flight conditions. Finding empirically, the saving rate to be a new determinant of capital flight, this paper discusses whether or not achieving the golden rule level of capital would be desirable and what source of government revenue (direct or indirect taxation) would be appropriate under those conditions.

Item Details

Item Type:Refereed Article
Keywords:determinant, direct taxation, indirect taxation, capital flight, saving rate
Research Division:Economics
Research Group:Applied economics
Research Field:Behavioural economics
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Balance of payments
UTAS Author:Vespignani, J (Associate Professor Joaquin Vespignani)
ID Code:149272
Year Published:2008
Deposited By:Finance
Deposited On:2022-03-23
Last Modified:2022-04-21
Downloads:1 View Download Statistics

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