Trade Taxes as a Source of Government Revenue: A Re‐estimation

Trade Taxes as a Source of Government Revenue: A Comment on the Bedrossian‐hitiris Re‐estimation

“…Although one accepts the results of the Box-Cox and Godfrey-Wickens tests for the aggregate sample, the results generated in the sub-samples are worthy of further thought. Chenery and Syrquin (1975) have examined a number of development processes and deployed logistic or power functions in order to examine a variety of accumulation processes, resource allocation processes and distributional processes Although E H do not consider what the appropriate specification should be we may be looking at something like the function depicted in Figure 1.…”