Asia and Pacific > Hong Kong Special Administrative Region, People's Republic of China

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Political Institutions and Public Administration x
Clear All Modify Search
International Monetary Fund
This Selected Issues paper examines the fiscal outlook and policy options for the Hong Kong Special Administrative Region. The paper provides indicative estimates of how revenue and expenditure might evolve in the next five years under two fiscal consolidation scenarios with a different mix of revenue/expenditure measures to bring the fiscal position to balance by FY2006. The paper examines different revenue raising measures in light of the findings by the Advisory Committee on new Broad-Based Taxes. It also offers some thoughts on areas where potential expenditure savings could be made.
Mr. Vito Tanzi
Corruption is attracting a lot of attention around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption and possible corrective actions. It emphasizes the costs of corruption in terms of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from the reform of the state. If certain reforms are not made, corruption is likely to continue to be a problem regardless of actions directly aimed at curtailing it.
International Monetary Fund
This paper develops and tests two efficiency wage models of corruption in the civil service. Under fair wage models, civil service wages are an important determinant of corruption. Under shirking models, the level of wages is of secondary importance, as potential bribes dwarf wage income. The empirical evidence points to a negative relationship between corruption and wages across developing countries. Tests as to the validity of the two different efficiency wage models are inconclusive.