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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/)
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: | 7 View Download Statistics |
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