What is the Horizon of Fiscal Policy in OECD Countries?

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

What is the Horizon of Fiscal Policy in OECD Countries?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

What is the Horizon of Fiscal Policy in OECD Countries?

Popis výsledku anglicky

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.

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

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

496-504

Název nakladatele

IBIMA

Místo vydání

Norristown

Místo konání akce

Valencia

Datum konání akce

13. 5. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000339308100056