Chapter

Global Public Economics

James A. Mirrlees

in New Sources of Development Finance

Published in print November 2004 | ISBN: 9780199278558
Published online January 2005 | e-ISBN: 9780191601590 | DOI: http://dx.doi.org/10.1093/0199278555.003.0010

Series: WIDER Studies in Development Economics

Global Public Economics

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This chapter, together with chs. 2 and 11, approaches the question of development funding in a theoretical way, rather than by examining individual proposals for sources. One purpose of the book is to bring to bear on this accumulated knowledge in the field of national public finance, and more generally public economics. Consequently, a discussion of global public finance/economics is presented here that considers the lessons from optimal tax design when applied at a global level. The different sections of the chapter look at: global taxation; taxation for aid; the possibility of an international agreement whereby income taxation is applied to nationals (rather than residents) and countries report people's income to their country of nationality (international allocation of tax bases); supranational taxation; subsidies and transfers; voluntary contributions and taxation; and development assistance expansion. An appendix considers the conditions for marginal tax rates to be independent of the revenue requirement.

Keywords: development assistance expansion; development funding; global public economics; global public finance; global taxation; international allocation of tax bases; marginal tax rates; public economics; public finance; subsidies; supranational taxation; tax design; taxation for aid; transfers; voluntary contributions and taxation

Chapter.  5136 words. 

Subjects: Economic Development and Growth

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