Series: IMF Working Papers
Author(s): Vincent Belinga , Dora Benedek , Ruud A. Mooij , and John Norregaard
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 June 2014
Keywords: Tax buoyancy, Error Correction Model, total tax revenue, tax revenues, Forecasts of Budgets, Deficits, and Debt,
By how much will faster economic growth boost government revenue? This paper estimates short- and long-run tax buoyancy in OECD countries between 1965 and 2012. We find that, for aggregate tax revenues, short-run t...