Government Role and the Efficiency of Policy Instruments

Author/Editor:

Vito Tanzi

Publication Date:

October 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Comparisons about the role of the government in an economy are usually made by reference to the share of tax revenue or of public expenditure in gross domestic product. However, governments often use other tools for pursuing their objectives. The paper discusses these other tools, shows the extent to which they can replace the traditional fiscal instruments, and assesses their quantitative importance. Various highly speculative hypotheses are advanced about the role of these other tools in countries at different levels of development.

Series:

Working Paper No. 95/100

Subject:

English

Publication Date:

October 1, 1995

ISBN/ISSN:

9781451852349/1018-5941

Stock No:

WPIEA1001995

Format:

Paper

Pages:

22

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