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Tax Capacity and Growth : : Is there a Tipping Point? / / Vitor Gaspar, Laura Jaramillo, Philippe Wingender



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Autore: Gaspar Vitor Visualizza persona
Titolo: Tax Capacity and Growth : : Is there a Tipping Point? / / Vitor Gaspar, Laura Jaramillo, Philippe Wingender Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2016
Descrizione fisica: 1 online resource (41 pages) : illustrations (some color)
Soggetto topico: Taxation - United States
Econometrics
Public Finance
Taxation
Structure, Scope, and Performance of Government
Tax Evasion and Avoidance
Economic Development: General
Institutions and Growth
Taxation, Subsidies, and Revenue: General
Personal Income and Other Nonbusiness Taxes and Subsidies
National Government Expenditures and Related Policies: Infrastructures
Other Public Investment and Capital Stock
Truncated and Censored Models
Switching Regression Models
Threshold Regression Models
Public finance & taxation
Welfare & benefit systems
Econometrics & economic statistics
Revenue administration
Social security contributions
Legal support in revenue administration
Public investment spending
Threshold analysis
Taxes
Expenditure
Econometric analysis
Revenue
Social security
Public investments
Soggetto geografico: United States Economic conditions
United States
Altri autori: JaramilloLaura  
WingenderPhilippe  
Nota di bibliografia: Includes bibliographical references.
Sommario/riassunto: Is 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.
Titolo autorizzato: Tax Capacity and Growth  Visualizza cluster
ISBN: 1-4755-5835-X
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910155202703321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2016/234