What is the Horizon of Fiscal Policy in OECD Countries?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090788" target="_blank" >RIV/61989100:27510/14:86090788 - 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
What is the Horizon of Fiscal Policy in OECD Countries?
Original language description
The monetary policy horizon is generally known in OECD countries, but the fiscal or tax policy horizon is not usually subjected to empirical analyses. Therefore the aim of the article is to determine the optimal tax policy horizon, and thus its strongestimpact on economic growth in OECD countries, according to the overall tax burden and individual types of taxes. We use a dynamic panel model to achieve this aim. The results of analysis show that fiscal policy influences the growth the strongest with the 2-year lag. It is also shown with a lag of 3 years and the effect is still very strong. From this it is evident that fiscal policy horizon is between 2-3 years. It is also showed that personal income tax, including social security contributions, is themost harmful to economic growth. It harms the economic growth five times stronger than corporate taxes and it exhibits its effects with 3 years lag.
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
Vision 2020: Sustainable Growth, Economic Development, and Global Competitiveness - Proceedings of the 23rd International Business Information Management Association Conference, IBIMA 2014
ISBN
978-0-9860419-2-1
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
496-504
Publisher name
IBIMA
Place of publication
Norristown
Event location
Valencia
Event date
May 13, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000339308100056

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