Dynamic Elasticities of Tax Revenue: Evidence from the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10326555" target="_blank" >RIV/00216208:11230/16:10326555 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1080/00036846.2016.1186796" target="_blank" >http://dx.doi.org/10.1080/00036846.2016.1186796</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00036846.2016.1186796" target="_blank" >10.1080/00036846.2016.1186796</a>
Alternative languages
Result language
angličtina
Original language name
Dynamic Elasticities of Tax Revenue: Evidence from the Czech Republic
Original language description
Tax revenue elasticities with respect to tax bases are key parameters for the modeling of public finances. Yet the existing studies estimating these elasticities for emerging countries disregard the effects of tax reforms on tax revenue, which renders their estimates inconsistent. We introduce a framework for estimating both short- and long-run tax revenue elasticities using quarterly data adjusted for the effects of reforms. Our results suggest that the long-run elasticities in the Czech Republic are 1.4 for wage tax, 0.9 for value added tax, 1.7 for profit tax and 1 for social security contributions. The adjustment process for value added tax and social security contributions is fast, but for the remaining two categories, it is important to distinguish between the short- and long-run elasticities: the initial response of revenue to changes in the bases is weak. In the case of wage tax it takes half a year for the elasticity to surpass unity.
Czech name
—
Czech description
—
Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—
Result continuities
Project
<a href="/en/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamic Models in Economics</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Applied Economics
ISSN
0003-6846
e-ISSN
—
Volume of the periodical
48
Issue of the periodical within the volume
60
Country of publishing house
GB - UNITED KINGDOM
Number of pages
16
Pages from-to
5866-5881
UT code for WoS article
000386602000003
EID of the result in the Scopus database
2-s2.0-84978141909