The Influence of Tax Shocks on the Economy of Developed Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090781" target="_blank" >RIV/61989100:27510/14:86090781 - 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
The Influence of Tax Shocks on the Economy of Developed Countries
Original language description
Pro-growth effects are usually connected with the productive government spending financed by indirect taxes in the literature. Thus the aim of the paper is to confirm or refute this hypothesis for OECD countries in the period 2000-2012. Unlike similar studies, the analysis is based on a dynamic panel data model and uses two alternative proxies for taxation - the tax quota and the World Tax Index (WTI). Results of the analysis confirm the hypothesis, showing that if productive spending is financed by indirect taxes, the effect on economic growth is positive, while if the spending is financed by direct taxes, the effect on growth is negative. However, the increase in indirect tax revenues must be accompanied by an increase in real tax burden via this type of taxation approximated e.g. by the WTI, which means that only an increase in effectiveness of tax collection is not sufficient.
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
9
Pages from-to
626-634
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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