Public finance structure and inclusive growth

Tax and spending reforms offer numerous opportunities to promote inclusive growth. There is potential for so-called win-win reforms that simultaneously boost economic output and enhance income equality. Other changes in the structure of public finances will produce benefits only along a single dimen...

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Bibliographic Details
Main Authors: Cournède, Boris, Fournier, Jean-Marc, Hoeller, Peter
Format: Government Document
Language:English
Subjects:
Corporate income tax
Panel data econometrics
Public finance
Public investment
Public spending
Structural reform
Value added tax
Online Access:Get full text
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Summary:Tax and spending reforms offer numerous opportunities to promote inclusive growth. There is potential for so-called win-win reforms that simultaneously boost economic output and enhance income equality. Other changes in the structure of public finances will produce benefits only along a single dimension, while some involve trade-offs between average income gains and adverse distributional effects. Empirical analyses of the experience of OECD countries provide evidence about which tax and spending reforms influence prosperity and income distribution -- and by how much.
ISSN:2226-583X
DOI:10.1787/e99683b5-en