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Is Thailand's Fiscal System Pro-Poor : Looking from Income and Expenditure Components

By Son, Hyun Hwa

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Book Id: WPLBN0000056770
Format Type: PDF eBook
File Size: 0.2 MB
Reproduction Date: 2005
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Title: Is Thailand's Fiscal System Pro-Poor : Looking from Income and Expenditure Components  
Author: Son, Hyun Hwa
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

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Son, H. H. (n.d.). Is Thailand's Fiscal System Pro-Poor : Looking from Income and Expenditure Components. Retrieved from http://hawaiilibrary.net/


Description
Economics

Excerpt
The purpose of this paper is twofold; it first develops a new methodology to assess the impact of government fiscal policies on social welfare and secondly, it provides a detailed analysis of Thailand?s fiscal system from the viewpoint of its impact on income distribution. This is an important issue in Thailand because of its persistently highincome inequality. A fiscal system has many components, each of which has different impact on social welfare. Some components are more equitable (or inequitable) than others. This paper deals with questions, such as: How equitable are the different components of a fiscal system? How can a fiscal system be reformed in order to make it more equitable? To assess and reform a government?s policies, one needs to have a social welfare function that can be put into practice. The social welfare function should also be flexible enough to allow changes to be made to the weights given to individuals at different segments of the income distribution. This study proposes the use of a class of homothetic social welfare functions proposed by Atkinson (1970). This class of social welfare function depends on an inequality aversion parameter through which one can change the weights given to individuals at different segments of income distribution.

 

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