Fiscal Resources for Inclusive Growth

Arindam Das-Gupta ()
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Arindam Das-Gupta: Goa Institute of Management

No 416, ADB Economics Working Paper Series from Asian Development Bank

Abstract: This paper develops a framework to assess the growth and distribution effects of fiscal resources. Resources are classified as debt, other capital receipts, foreign aid and other unilateral grants, non-tax revenue, including resource rents, seigniorage, and taxes. The framework is used to assess the fiscal resource bases of economies in developing Asia to the extent permitted by available data. Although there is great diversity in the amount of resources raised in terms of the importance of different revenue sources and in the sophistication of revenue administrations, the analysis suggests that in order to expand their relatively low fiscal resource bases, developing Asian economies need to pay greater attention to non-tax revenue and to taxes other than broad-based taxes on income and consumption, such as property taxes and corrective taxes.

Keywords: fiscal policy; fiscal resources; taxes; non-tax revenue; growth effects; distribution effects; developing Asia (search for similar items in EconPapers)
JEL-codes: H20 O40 O53 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2014-11-01
New Economics Papers: this item is included in nep-acc, nep-pbe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0416

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