Taxes as a Source of Government Spending Financing

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090778" target="_blank" >RIV/61989100:27510/14:86090778 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Taxes as a Source of Government Spending Financing
Original language description
The aim of the paper is to find-out how long the influence of tax changes persists in the economy of developed countries gathered in the OECD. To achieve the goal, a panel VAR model is used to construct impulse-response functions. To measure the level oftaxation, two alternative indicators are used. Those are the standard tax quota and the World Tax Index. The analysis is performed for 34 OECD countries in the period 2000-2012. The results show that when a temporary change in taxation is made, that isremoved in the next period, there is a temporary decline in the economic growth rate, but over time it stabilizes at its original level. In contrast, in the case of permanent tax changes, the rate of economic growth stabilizes at a new level that persists in the economy even after ten years, although there is also a steady increase in the growth rate of government spending in the economy.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Recenzovaný sborník příspěvků XII. mezinárodní vědecké konference Hospodářská politika v členských zemích Evropské unie : 16.-18. září 2014, Betline Forest Hotel, Ostravice
ISBN
978-80-7510-045-0
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
494-504
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta
Place of publication
Karviná
Event location
Ostravice
Event date
Sep 16, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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