THE INFLUENCE OF TAX SHOCKS ON THE ECONOMY OF DEVELOPED COUNTRIES

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86096380" target="_blank" >RIV/61989100:27510/15:86096380 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

THE INFLUENCE OF TAX SHOCKS ON THE ECONOMY OF DEVELOPED COUNTRIES

Popis výsledku v původním jazyce

The aim of the paper is to find-out how long the influence of tax changes persists in the economy of developed countries gathered in the OECD. To achieve the goal, a panel VAR model is used to construct impulse-response functions. To measure the level oftaxation, two alternative indicators are used. Those are the standard tax quota and the World Tax Index. The analysis is performed for 34 OECD countries in the period 2000-2012. The results show that when a temporary change in taxation is made, that isremoved in the next period, there is a temporary decline in the economic growth rate, but over time it stabilizes at its original level. In contrast, in the case of permanent tax changes, the rate of economic growth stabilizes at a new level that persists in the economy even after ten years, although there is also a steady increase in the growth rate of government spending in the economy.

Název v anglickém jazyce

THE INFLUENCE OF TAX SHOCKS ON THE ECONOMY OF DEVELOPED COUNTRIES

Popis výsledku anglicky

The aim of the paper is to find-out how long the influence of tax changes persists in the economy of developed countries gathered in the OECD. To achieve the goal, a panel VAR model is used to construct impulse-response functions. To measure the level oftaxation, two alternative indicators are used. Those are the standard tax quota and the World Tax Index. The analysis is performed for 34 OECD countries in the period 2000-2012. The results show that when a temporary change in taxation is made, that isremoved in the next period, there is a temporary decline in the economic growth rate, but over time it stabilizes at its original level. In contrast, in the case of permanent tax changes, the rate of economic growth stabilizes at a new level that persists in the economy even after ten years, although there is also a steady increase in the growth rate of government spending in the economy.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Economic Policy in the European Union Member Countries : XII. international scientific conference : 16th - 18th September 2014, Beltine Forest Hotel, Ostravice

ISBN

978-80-7510-114-3

ISSN

—

e-ISSN

—

Počet stran výsledku

11

Strana od-do

424-434

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Karviná

Místo konání akce

Ostravice

Datum konání akce

16. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000366004300045