LEADER 04668oam 22011054 450 001 9910155202703321 005 20230808200844.0 010 $a1-4755-5833-3 010 $a1-4755-5835-X 035 $a(CKB)3710000000973898 035 $a(MiAaPQ)EBC4771899 035 $a(IMF)WPIEA2016234 035 $a(EXLCZ)993710000000973898 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aTax Capacity and Growth : $eIs there a Tipping Point? /$fVitor Gaspar, Laura Jaramillo, Philippe Wingender 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (41 pages) $cillustrations (some color) 225 1 $aIMF Working Papers 311 $a1-4755-5817-1 320 $aIncludes bibliographical references. 330 3 $aIs there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We use two separate databases: a novel contemporary database covering 139 countries from 1965 to 2011 and a historical database for 30 advanced economies from 1800 to 1980. We find that the answer to the question is yes. Estimated tipping points are similar at about 12¾ percent of GDP. For the contemporary dataset we find that a country just above the threshold will have GDP per capita 7.5 percent larger, after 10 years. The effect is tightly estimated and economically large. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/234 606 $aTaxation$zUnited States 606 $aEconometrics$2imf 606 $aPublic Finance$2imf 606 $aTaxation$2imf 606 $aStructure, Scope, and Performance of Government$2imf 606 $aTax Evasion and Avoidance$2imf 606 $aEconomic Development: General$2imf 606 $aInstitutions and Growth$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aPersonal Income and Other Nonbusiness Taxes and Subsidies$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aTruncated and Censored Models$2imf 606 $aSwitching Regression Models$2imf 606 $aThreshold Regression Models$2imf 606 $aPublic finance & taxation$2imf 606 $aWelfare & benefit systems$2imf 606 $aEconometrics & economic statistics$2imf 606 $aRevenue administration$2imf 606 $aSocial security contributions$2imf 606 $aLegal support in revenue administration$2imf 606 $aPublic investment spending$2imf 606 $aThreshold analysis$2imf 606 $aTaxes$2imf 606 $aExpenditure$2imf 606 $aEconometric analysis$2imf 606 $aRevenue$2imf 606 $aSocial security$2imf 606 $aPublic investments$2imf 607 $aUnited States$xEconomic conditions 607 $aUnited States$2imf 615 0$aTaxation 615 7$aEconometrics 615 7$aPublic Finance 615 7$aTaxation 615 7$aStructure, Scope, and Performance of Government 615 7$aTax Evasion and Avoidance 615 7$aEconomic Development: General 615 7$aInstitutions and Growth 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aPersonal Income and Other Nonbusiness Taxes and Subsidies 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aTruncated and Censored Models 615 7$aSwitching Regression Models 615 7$aThreshold Regression Models 615 7$aPublic finance & taxation 615 7$aWelfare & benefit systems 615 7$aEconometrics & economic statistics 615 7$aRevenue administration 615 7$aSocial security contributions 615 7$aLegal support in revenue administration 615 7$aPublic investment spending 615 7$aThreshold analysis 615 7$aTaxes 615 7$aExpenditure 615 7$aEconometric analysis 615 7$aRevenue 615 7$aSocial security 615 7$aPublic investments 700 $aGaspar$b Vitor$0265793 701 $aJaramillo$b Laura$01094952 701 $aWingender$b Philippe$01449381 801 0$bDcWaIMF 906 $aBOOK 912 $a9910155202703321 996 $aTax Capacity and Growth$93649969 997 $aUNINA