It takes the average reader and 43 minutes to read Tax Smoothing in a Financially Repressed Economy by Mr.Paul Cashin
Assuming a reading speed of 250 words per minute. Learn more
India has a long history of running fiscal deficits. Two broad considerations motivate a government to run a deficit: tax smoothing and tax tilting. This paper tests a version of Barro’s tax-smoothing model, using Indian data for the period 1951-52 to 1996-97. The empirical results indicate that the central government of India has tax-smoothed, while the regional governments of India have not. The paper also finds evidence of tax tilting, reflected in financial repression, which has led to the accumulation of excessive public liabilities.
Tax Smoothing in a Financially Repressed Economy by Mr.Paul Cashin is 43 pages long, and a total of 10,879 words.
This makes it 15% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Tax Smoothing in a Financially Repressed Economy aloud.
Tax Smoothing in a Financially Repressed Economy is suitable for students ages 8 and up.
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