| Description |
1 online resource (21 pages) : color illustrations |
| Series |
IMF working paper ; WP/10/71 |
|
IMF working paper ; WP/10/71.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; A Model for Tax Revenue Efficiency; A Model for Tax Revenue Elasticity; IX. Concluding Remarks; VIII. Estimation Results for VAT Revenue Elasticity; VII. Estimation Results for PIT and SSC Efficiency; VI. Estimation Results for VAT C-efficiency; V. Methodology; IV. Data; III. Literature Review; II. Stylized Facts; I. Introduction; Footnote |
| Summary |
This paper examines tax revenue during the business cycle by estimating the relationship between tax revenue efficiency and the output gap. We find a positive and significant relationship between these variables; results are consistent for quarterly and annual data, and across advanced and developing economies. We also find that a worsening (improvement) in the VAT C-efficiency is driven by shifts in consumption patterns and changes in tax evasion during contractions (expansions). A key implication is that, particularly during major economic booms and downturns, policy makers should look beyond simple, long-run revenue elasticities and incorporate into their analysis the effects of the economic cycle on tax revenue efficiency |
| Bibliography |
Includes bibliographical references (page 21) |
| Notes |
Print version record |
| Subject |
Taxation -- Econometric models.
|
|
Tax revenue estimating.
|
|
Business cycles
|
|
Business cycles
|
|
Tax revenue estimating
|
|
Taxation -- Econometric models
|
| Form |
Electronic book
|
| Author |
Velloso, Ricardo, author.
|
|
Xing, Jing, author
|
|
International Monetary Fund, issuing body.
|
| ISBN |
9781452728858 |
|
1452728852 |
|
1282845616 |
|
9781282845619 |
|
9781451982145 |
|
1451982143 |
|
1462316395 |
|
9781462316397 |
|
9786612845611 |
|
6612845619 |
|
