Arbeitspapier
Persistence in Tax Revenues: Evidence from Some OECD Countries
This paper examines persistence in tax revenues in a set of 21 OECD countries over the period 1965-2021 using long-range dependence techniques based on fractional integration. The results imply that there are only a few cases of mean reversion: one for total revenue (Switzerland); three for VAT (Belgium, Italy, and Spain), and six for tax on income (Austria, Belgium, Finland, Spain, Sweden and USA). The analysis is also carried out for inflation in the same set of countries. Again the I(1) hypothesis cannot be rejected in most cases, mean reversion only occurring in Korea, Iceland, Norway and Sweden. However, stronger evidence of mean reversion is found for the differences between the three original tax series and inflation compared to the tax series themselves, which points to the existence of a linkage between taxation and inflation, especially in the case of VAT and tax on income.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10682
- Klassifikation
-
Wirtschaft
Estimation: General
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Thema
-
revenues
taxes
persistence
fractional integration
long memory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Caporale, Guglielmo Maria
Tapia, Silvia García
Gil-Alana, Luis Alberiko
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Caporale, Guglielmo Maria
- Tapia, Silvia García
- Gil-Alana, Luis Alberiko
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
Ähnliche Objekte (12)
Tax competition and tax revenues
Tax competition and tax revenues
Tax competition and tax revenues
The literacy impact on tax revenues
The literacy impact on tax revenues
Tax rates and tax revenues in the context of tax competitiveness
Time Series Modelling of Daily Tax Revenues
Influence of climate conditions on tax revenues
Emission tax revenues in a growing economy
Political competition and tax revenues in developing countries
Why have corporate tax revenues declined?: Another look
Growth and volatility of tax revenues in Latin America
Tax competition and tax revenues
Tax competition and tax revenues
Tax competition and tax revenues
The literacy impact on tax revenues
The literacy impact on tax revenues
Tax rates and tax revenues in the context of tax competitiveness
Time Series Modelling of Daily Tax Revenues
Influence of climate conditions on tax revenues
Emission tax revenues in a growing economy
Political competition and tax revenues in developing countries
Why have corporate tax revenues declined?: Another look
Growth and volatility of tax revenues in Latin America
Tax competition and tax revenues
Tax competition and tax revenues
Tax competition and tax revenues
The literacy impact on tax revenues
The literacy impact on tax revenues
Tax rates and tax revenues in the context of tax competitiveness
Time Series Modelling of Daily Tax Revenues
Influence of climate conditions on tax revenues
Emission tax revenues in a growing economy
Political competition and tax revenues in developing countries
Why have corporate tax revenues declined?: Another look