TAX POLICY EFFICIENCY IN OECD

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

TAX POLICY EFFICIENCY IN OECD

Popis výsledku v původním jazyce

Fiscal or tax policy efficiency is primarily determined by the policy horizion and corresponding lag, which is not a common object of interest in contemporary economic literature. The aim of the paper is thus to determine the optimal tax policy horizon,and its strongest impact on economic growth in OECD countries, according to the overall tax burden and individual types of taxes. From a methodological point of view, the dynamic panel model is used. The taxation in the model is approximated by he standard tax quota as well as by an alternative World Tax Index (WTI). The results confirm the economic theory about the negative impact of taxes on growth and show that the tax policy influences the growth the strongest with the 2-year lag. In addition, it isshown that even with a lag of three years, the effects are still very strong and thus the horizon of fiscal policy is rather between 2?3 years. This is also confirmed for the particular types of taxes with the exception of VAT that exhib

Název v anglickém jazyce

TAX POLICY EFFICIENCY IN OECD

Popis výsledku anglicky

Fiscal or tax policy efficiency is primarily determined by the policy horizion and corresponding lag, which is not a common object of interest in contemporary economic literature. The aim of the paper is thus to determine the optimal tax policy horizon,and its strongest impact on economic growth in OECD countries, according to the overall tax burden and individual types of taxes. From a methodological point of view, the dynamic panel model is used. The taxation in the model is approximated by he standard tax quota as well as by an alternative World Tax Index (WTI). The results confirm the economic theory about the negative impact of taxes on growth and show that the tax policy influences the growth the strongest with the 2-year lag. In addition, it isshown that even with a lag of three years, the effects are still very strong and thus the horizon of fiscal policy is rather between 2?3 years. This is also confirmed for the particular types of taxes with the exception of VAT that exhib

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]

ISBN

978-80-248-3095-7

ISSN

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e-ISSN

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Počet stran výsledku

14

Strana od-do

126-139

Název nakladatele

VŠB-Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

18. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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