@JosephEStiglitz@rodrikdani out here telling truths
👏👏👏👏👏
"The current focus in development economics on randomized controlled trials (RCTs) and other rigorous methods of causal inference has obscured the importance of structural change...."
https://t.co/V5tqKRq2zN
In other words, if resource revenue were to suffer a negative shock (or spending needs a positive shock), to what extent would resource-dependent countries face severe budgetary shortfalls?
Thanks to @UNUWIDER for funding via their #E4D project. (4/4).
👇New (open access) journal article.👇
Fiscal dependence on extractive revenues.
https://t.co/mrIn3VeyxF
What's it about?
We've all heard about resource / extractive dependence. In this paper I take a more detailed look at the *fiscal* element of dependence... (1/4)
For countries that collect tax and non tax revenue from extractive resources, I explore to what extent can their *non-resource* revenues cover the day-to-day spending of government. (3/4)
NEW: we need to talk about UK graduate wages, and the idea that Britain sends too many people to university.
American readers should stick around for the UK/US comparisons 👀
Let’s start with this: the UK graduate wage premium has fallen substantially over the last 25 years
We are delighted to receive renewed funding from @FCDOGovUK for #TaxDev which – alongside @TheIFS – will help us to strengthen existing partnerships with TaxDev partner governments and researchers. (1/3)
https://t.co/rRFVZ8k1mj
This is unfortunately quite true. From any rational, decision-theoretic standpoint, the Economics profession under-invests in imperfectly identified analyses of big/important/relevant questions relative to well-identified but comparatively uninteresting questions.
Version 0.2 of the #TaxDev Employment Income Taxes Dataset is online!
We've updated to include data on Personal Income Tax & social contribution systems in an additional 33 countries, from the Latin America and Caribbean region
@ODI_Global@TheIFS
https://t.co/1bRnfYS5uC
🗓️ On 29 June, join me at @ODI_Global w/ @FraBastagli@kylemcnabb and insightful & expert panellists to discuss the role of tax and transfers in addressing...
💵 Income inequality
👨👩👧👦 Gender income inequality
Sign up here 👇
https://t.co/AWeZOepLY3
Better data on earnings distributions (both formal and informal) in LMICs will go a long way to helping unpack these puzzles.
Check out the dataset for African countries here :
https://t.co/1bRnfYS5uC
Latin America & Caribbean coming soon (!)
(The end)
New @ODI_Global#TaxDev Working Paper 🎉
Joint w/ @annalena_oppel & 2nd study from the TaxDev Employment Income Taxes Dataset (EITD). We attempt to better understand the redistributive potential of the personal income tax in African countries https://t.co/dXnAsnldu8 (1/n)
Anyway, super happy to have this paper out. There's still so much we don't know about how PIT design & reform affects incentives, formalisation, wages, inequality outcomes etc. in LMICs. And there's still so much that we don't measure well: (7/n)