LEVEL AND VOLATILITY OF TAXES: THE IMPACT ON ECONOMIC GROWTH

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

LEVEL AND VOLATILITY OF TAXES: THE IMPACT ON ECONOMIC GROWTH

Popis výsledku v původním jazyce

It is commonly discussed in the literature that different types of taxes and government spending may have different growth effects. The aim of this paper is to use the dynamic panel model of OECD countries to describe the effects of particular types of taxes on economic growth, but with a special emphasis on the impact of tax uncertainty, assuming that uncertainty is more harmful for the economic growth in comparison with the level of taxation. Data for the OECD countries in 2000-2010 are used in the dynamic panel data analysis. As a taxation proxy, two different variables are used - standard tax quota, and an alternative WTI (World Tax Index). The two models show contradictory results in the case of the impact of tax uncertainty. When using the tax quota, it shows a positive influence on growth, which contradicts the theoretical assumptions, while the use of the WTI leads to results consistent with theory and shows that the impact of tax uncertainty on economic growth is negative.

Název v anglickém jazyce

LEVEL AND VOLATILITY OF TAXES: THE IMPACT ON ECONOMIC GROWTH

Popis výsledku anglicky

It is commonly discussed in the literature that different types of taxes and government spending may have different growth effects. The aim of this paper is to use the dynamic panel model of OECD countries to describe the effects of particular types of taxes on economic growth, but with a special emphasis on the impact of tax uncertainty, assuming that uncertainty is more harmful for the economic growth in comparison with the level of taxation. Data for the OECD countries in 2000-2010 are used in the dynamic panel data analysis. As a taxation proxy, two different variables are used - standard tax quota, and an alternative WTI (World Tax Index). The two models show contradictory results in the case of the impact of tax uncertainty. When using the tax quota, it shows a positive influence on growth, which contradicts the theoretical assumptions, while the use of the WTI leads to results consistent with theory and shows that the impact of tax uncertainty on economic growth is negative.

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

Taxes in the World : 3rd International Scientific Conference : proceedings : [Ostravice, 12.-13.12.2013]

ISBN

978-80-248-3133-6

ISSN

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e-ISSN

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Počet stran výsledku

14

Strana od-do

69-82

Název nakladatele

VŠB-Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostravice

Datum konání akce

12. 12. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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