Government budget, public-sector wages and capital taxes in a small open economy

Publikation: Konferencebidrag › Paper › Forskning

Standard

Government budget, public-sector wages and capital taxes in a small open economy. / Chao, C.C.; Yu, E. S. H.; Yu, Wusheng.

2005. Paper præsenteret ved Annual Conference on Global Economic Analysis, Lübeck, Tyskland.

Publikation: Konferencebidrag › Paper › Forskning

Harvard

Chao, CC, Yu, ESH & Yu, W 2005, 'Government budget, public-sector wages and capital taxes in a small open economy', Paper fremlagt ved Annual Conference on Global Economic Analysis, Lübeck, Tyskland, 09/06/2005 - 11/06/2005.

APA

Chao, C. C., Yu, E. S. H., & Yu, W. (2005). Government budget, public-sector wages and capital taxes in a small open economy. Paper præsenteret ved Annual Conference on Global Economic Analysis, Lübeck, Tyskland.

Vancouver

Chao CC, Yu ESH, Yu W. Government budget, public-sector wages and capital taxes in a small open economy. 2005. Paper præsenteret ved Annual Conference on Global Economic Analysis, Lübeck, Tyskland.

Author

Chao, C.C. ; Yu, E. S. H. ; Yu, Wusheng. / Government budget, public-sector wages and capital taxes in a small open economy. Paper præsenteret ved Annual Conference on Global Economic Analysis, Lübeck, Tyskland.25 s.

Bibtex

@conference{9005af20a1bf11ddb6ae000ea68e967b,
title = "Government budget, public-sector wages and capital taxes in a small open economy",
abstract = "This paper examines the welfare implications of adjustments in public-sector wages and capital tax rates for a small open economy in a general equilibrium setting. The individually and jointly optimal wage and tax policies are derived and interpreted. Facing reductions in land sales and falls in foreign interest rates, a cut in public workers{\textquoteright} pay is needed for making their wage comparable to the private sector and a hike in capital taxes is recommended for a budgetary consideration. Using a computable general equilibrium model for Hong Kong, we numerically evaluate the various optimal policies which not only confirm the theoretical results but also provide quantitative estimates of the optimal policy variables.",
author = "C.C. Chao and Yu, {E. S. H.} and Wusheng Yu",
note = "Sider: 1-25; null ; Conference date: 09-06-2005 Through 11-06-2005",
year = "2005",
language = "English",

}

RIS

TY - CONF

T1 - Government budget, public-sector wages and capital taxes in a small open economy

AU - Chao, C.C.

AU - Yu, E. S. H.

AU - Yu, Wusheng

N1 - Conference code: 8

PY - 2005

Y1 - 2005

N2 - This paper examines the welfare implications of adjustments in public-sector wages and capital tax rates for a small open economy in a general equilibrium setting. The individually and jointly optimal wage and tax policies are derived and interpreted. Facing reductions in land sales and falls in foreign interest rates, a cut in public workers’ pay is needed for making their wage comparable to the private sector and a hike in capital taxes is recommended for a budgetary consideration. Using a computable general equilibrium model for Hong Kong, we numerically evaluate the various optimal policies which not only confirm the theoretical results but also provide quantitative estimates of the optimal policy variables.

AB - This paper examines the welfare implications of adjustments in public-sector wages and capital tax rates for a small open economy in a general equilibrium setting. The individually and jointly optimal wage and tax policies are derived and interpreted. Facing reductions in land sales and falls in foreign interest rates, a cut in public workers’ pay is needed for making their wage comparable to the private sector and a hike in capital taxes is recommended for a budgetary consideration. Using a computable general equilibrium model for Hong Kong, we numerically evaluate the various optimal policies which not only confirm the theoretical results but also provide quantitative estimates of the optimal policy variables.

M3 - Paper

Y2 - 9 June 2005 through 11 June 2005

ER -

ID: 7986227