Reducing Taxes in Slovakia
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00103004" target="_blank" >RIV/00216224:14560/17:00103004 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Reducing Taxes in Slovakia
Original language description
The Slovak government has to cope with the consequences of the global financial crisis. In addition aging population brings down the working population and predicts an increase in spending on the social and health system. Consolidation of the public sector is therefore a key task for the government and politicians. This paper examines the effects of negative shock into the labour and capital income tax for Slovakia in 2014 using simple DSGE model of small and closed economy with 3 sectors. Stochastic analysis confirms the overall positive effects of decreasing direct taxes. It is shown that economy is more sensitive to the shocks on labour than on capital income taxes. Results are in line with expectations and theory and we can see that consumption and investments react in opposite way.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50200 - Economics and Business
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 7th EACO International Scientific Conference
ISBN
9788090540538
ISSN
—
e-ISSN
—
Number of pages
7
Pages from-to
55-61
Publisher name
European Association Comenius - EACO
Place of publication
Split
Event location
Split
Event date
Jan 1, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—