Reducing Taxes in Slovakia

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Reducing Taxes in Slovakia

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Reducing Taxes in Slovakia

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 7th EACO International Scientific Conference

ISBN

9788090540538

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

55-61

Název nakladatele

European Association Comenius - EACO

Místo vydání

Split

Místo konání akce

Split

Datum konání akce

1. 1. 2017

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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