TY  - JOUR
AU  - Razin,Assaf
AU  - Sadka,Efraim
TI  - Optimal Incentives to Domestic Investment in the Presence of Capital    Flight
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3080
PY  - 1991
Y2  - October 1991
UR  - http://www.nber.org/papers/w3080
L1  - http://www.nber.org/papers/w3080.pdf
N1  - Author contact info:
Assaf Razin
Department of Economics
Cornell University
Uris 422
Ithaca, NY 14853
Tel: 607/255-9625
Fax: 607/255-2818
E-Mail: ar256@cornell.edu

Efraim Sadka
Tel Aviv University
Eitan Berglas School of Economics
P.O.B. 39040
Ramat Aviv, Tel Aviv, 69978, ISRAEL
E-Mail: sadka@post.tau.ac.il
AB  - This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made between a benchmark case where the government can fully tax foreign-source income and a more realistic case where the government cannot effectively tax foreign-source income.
ER  -