How Buoyant is the Tax System? New Evidence from a Large Heterogeneous Panel / / Paolo Dudine, João Tovar Jalles

• Autore: Dudine Paolo
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2017
• Descrizione fisica: 1 online resource (34 pages) : illustrations (some color), graphs, tables
• Disciplina: 336.200112
• Soggetto topico: Tax revenue estimating; Finance: General; Inflation; Personal Finance -Taxation; Public Finance; Corporate Taxation; Fiscal Policy; Efficiency; Optimal Taxation; Taxation and Subsidies: Other; Forecasts of Budgets, Deficits, and Debt; Taxation, Subsidies, and Revenue: General; Business Taxes and Subsidies; Personal Income and Other Nonbusiness Taxes and Subsidies; Price Level; Deflation; General Financial Markets: General (includes Measurement and Data); Public finance & taxation; Corporate & business tax; Macroeconomics; Finance; Revenue administration; Corporate income tax; Personal income tax; Emerging and frontier financial markets; Taxes; Prices; Financial markets; Revenue; Corporations; Taxation; Income tax; Financial services industry
• Soggetto geografico: United States
• Altri autori: JallesJoão Tovar
• Nota di bibliografia: Includes bibliographical references.
• Sommario/riassunto: In this paper we provide short- and long-run tax buoyancy estimates for 107 countries (distributed between advanced, emerging and low-income) for the period 1980–2014. By means of Fully-Modified OLS and (Pooled) Mean Group estimators, we find that: i) for advanced economies both long-run and short-run buoyancies are not different from one; ii) long run tax buoyancy exceeds one in the case of CIT for advanced economies, PIT and SSC in emerging markets, and TGS for low income countries, iii) in advanced countries (emerging market economies) CIT (CIT and TGS) buoyancy is larger during contractions than during times of economic expansions; iv) both trade openness and human capital increase buoyancy while inflation and output volatility decrease it.
• Titolo autorizzato: How Buoyant is the Tax System? New Evidence from a Large Heterogeneous Panel
• ISBN: 1-4755-6981-5; 1-4755-6988-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910162926303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2017/004