Papers by Timothy Muzondo
finance and development, 1991
This paper analyzes the effects of the corporation income tax, and depreciation policy on the beh... more This paper analyzes the effects of the corporation income tax, and depreciation policy on the behaviour of a competitive firm, using a dynamic framework with non-separable adjustment costs. While the long-run effects are similar to the static optimization, the short-run effects run counter. For example, under certain conditions an increase in the tax leads to a competitive firm to reduce its short-run output.
This paper analyzes the optimal allocation of pure private, mixed and pure public goods in a fram... more This paper analyzes the optimal allocation of pure private, mixed and pure public goods in a framework which regards consumers both as producers of fundamental commodities which enter directly into their utility functions, and as utility maximizers. Externality and congestion phenomena are incorporated in the analysis. The formulation is consistent with the original formulation of public goods theory. Optimal user charges for mixed goods are derived and shown to be uniform for all individuals and computable independently of the forms of the individual utility functions. Under certain conditions optimal user charges cover the cost of providing mixed goods.
Chemical & Engineering News
Public Finance Finances Publiques, 1978
This paper notes that market failure, policy failures, and population pressures are major sources... more This paper notes that market failure, policy failures, and population pressures are major sources of environmental degradation and that linkages between economic activities and the environment exist at the levels of macroeconoraic objectives, macroeconomic policy instruments, implementation of environmental policies, and measurement of economic activity. This paper also points out that fiscal instruments can, and indeed do, play a significant role in resolving environmental problems -In addition, market-based solutions, including pollution permits, also have merit. This paper further points out that implementing environmental policies poses considerable challenges for public policymakers and concludes by suggesting areas for further research.
IMF Working Papers, 1992
This paper examines the environmental effects of mineral taxes in a framework that recognizes the... more This paper examines the environmental effects of mineral taxes in a framework that recognizes the importance of rates and cumulative externalities and proposes an appropriate corrective tax. It concludes that mineral resources taxation should combine neutral taxes with a dynamic Pigovian type tax proposed in the paper. Such a tax resembles a specific tax plus an element that depends on the amount of remaining reserves. This resemblance means that, in practice, specific taxes may act as proxies for environmental taxes. The paper also points at complementarities and tradeoffs between economic and environmental concerns that could arise in reforming mineral taxes.
Staff Papers - International Monetary Fund, 1993
This paper notes that market failure, policy failures, and population pressures are major sources... more This paper notes that market failure, policy failures, and population pressures are major sources of environmental degradation and that linkages between economic activities and the environment exist at the levels of macroeconomic objectives, macroeconomic policy instruments, implementation of environmental policies, and measurement of economic activity. This paper also points out that fiscal instruments can, and indeed do, play a significant role in resolving environmental problems. In addition, market-based solutions, including pollution permits, also have merit. This paper further points out that implementing environmental policies poses considerable challenges for public policymakers and concludes by suggesting areas for further research.
The South African Journal of Economics, 1978
Journal of Consumer Policy, 1983
The public interest rationale for professional licensing and the competing monopoly hypothesis ar... more The public interest rationale for professional licensing and the competing monopoly hypothesis are examined and the published empirical evidence discussed. The main contribution of the paper is an estimate of the costs of selected licensing restrictions (on price competition, on interjurisdictional mobility, and on professional advertising) to the Canadian consumers. The calculation is based on an earnings function estimated for a cross-section of 20 "professions using information from the 1971 Census of Canada and from provincial laws and regulations governing the practice of these professions. The various policy options are reviewed and their feasibility in the current Canadian institutional setting is evaluated.
Journal of Comparative Economics, 1979
... 128 TIMOTHY R. MUZONDO t that net income of an LM firm is uncertain is generally recognized (... more ... 128 TIMOTHY R. MUZONDO t that net income of an LM firm is uncertain is generally recognized (Horvat, 1971). ... Empirical evidence presented by Wachtel (1969, p. 100) suggests that, on average, net income per worker received, as opposed to the fixed or standard "wage," has ...
The Canadian Journal of Economics, 1980
The Canadian Journal of Economics, 1979
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Papers by Timothy Muzondo