How Long to Read Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index

How Long Does it Take to Read Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index?

It takes the average reader and 35 minutes to read Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index by Rasmané Ouedraogo

Assuming a reading speed of 250 words per minute. Learn more

Description

Does the reliance on diversified tax structure enhance resilience to fiscal risks? This paper gives an answer to this question by proposing a new cross-country tax revenue diversification index (RDI). The RDI builds on the Theil index, and unlike the few existing tax diversification indices, which are constructed only at the state level for the US, is computed at the national level, covering a broad panel of 127 countries over the period 2000-15. We find suggestive evidence that tax revenue diversification reduces tax revenue volatility, thus bringing to the data long-held views about the prominence of tax revenue diversification for fiscal resilience strengthening. While exploring the drivers of the RDI, we find that tax revenue diversification is not just a reflection of economic diversification, but also an outcome of macroeconomic, political and institutional factors. Interestingly, a non-monotone relationship is also at play between the RDI and economic development, with countries’ portfolio of tax sources getting more diversified as their economy develops, until a tipping point, where richer countries start finding it harder to diversify further their tax revenue sources.

How long is Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index?

Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index by Rasmané Ouedraogo is 35 pages long, and a total of 8,925 words.

This makes it 12% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 48 minutes to read Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index aloud.

What Reading Level is Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index?

Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index?

Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index by Rasmané Ouedraogo is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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