How Buoyant is the Tax System? : New Evidence from a Large Heterogeneous Panel /

How Buoyant is the Tax System? : New Evidence from a Large Heterogeneous Panel /

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Bibliographic Details
Author / Creator:	Dudine, P. (Paolo), author.
Imprint:	Washington, D.C. : International Monetary Fund, 2017.
Description:	1 online resource (34 pages)
Language:	English
Series:	IMF Working Paper, 1018-5941 ; WP/17/4 IMF working paper ; WP/17/4.
Subject:	Taxation. Tax revenue estimating.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506802

Hidden Bibliographic Details
Other authors / contributors:	Tovar Jalles, João. author. CUSL
ISBN:	9781475569889 1475569882 1475569793 9781475569797 9781475569797
Notes:	10. Determinants of Tax Buoyancy: Alternative Tax CategoriesAppendix Tables. Print version record.
Summary:	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.
Other form:	Print version: Delgado-Téllez, Mar. How Buoyant is the Tax System? New Evidence from a Large Heterogeneous Panel. Washington, D.C. : International Monetary Fund, ©2017 9781475569797
Standard no.:	10.5089/9781475569797.001

Description
Summary:	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.
Item Description:	10. Determinants of Tax Buoyancy: Alternative Tax CategoriesAppendix Tables.
Physical Description:	1 online resource (34 pages)
ISBN:	9781475569889 1475569882 1475569793 9781475569797
ISSN:	1018-5941 ;