Taxes and Growth - Latest Empirical Survey
| Authors | |
|---|---|
| Year of publication | 2018 |
| Type | Article in Proceedings |
| Conference | CONFERENCE PROCEEDINGS INTERNATIONAL SCIENTIFIC CONFERENCE ECONOMIC AND SOCIAL POLICY |
| MU Faculty or unit | |
| Citation | |
| Keywords | Income per Capita; OECD Members; Pool Mean Group; Tax Composition; Tax Categories |
| Description | This paper closely investigates tax revenues in developed economies whereas the focus is set on the tax composition rather than the volume of taxes collected by the government. The aim of this study is to provide an up-to-date empirical survey of tax composition in 23 developed economies and its impact on income per capita growth. The benefit of this study is an extended dataset, which covers annual data of the period 1970-2016. Considering different dynamics in tax collection in this entire period among countries, the pool mean group (PMG) estimator is used to distinct long-run coefficients from short-run coefficients which are unique for each individual country. This can provide relevant results for a not entirely homogenous panel of units – developed countries. This procedure helps distinguish distortionary tendencies of each tax category in terms of influence on the income per capita. |
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