| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28646 |
| 来源ID | Working Paper 28646 |
| Policy Implications of Non-Linear Effects of Tax Changes on Output | |
| Samara R. Gunter; Daniel Riera-Crichton; Carlos A. Vegh; Guillermo Vuletin | |
| 发表日期 | 2021-04-05 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | In an earlier paper, titled "Non-linear effects of tax changes on output: The role of the initial level of taxation," we estimated tax multipliers using (i) a novel dataset on value-added taxes for 51 countries (21 industrial and 30 developing) for the period 1970-2014, and (ii) the so-called narrative approach developed by Romer and Romer (2010) to properly identify exogenous tax changes. The main finding is that, in line with existing theoretical distortionary and disincentive-based arguments, the effect of tax changes on output is highly non-linear. The tax multiplier is essentially zero under relatively low/moderate initial tax rate levels and more negative as the initial tax rate and the size of the change in the tax rate increase. This companion paper first shows that these findings have important policy implications, given that the initial level of taxes varies greatly across countries and thus so will the potential output effect of changing tax rates. The paper then turns to some specific policy applications. It focuses on the relevance of the arguments for revenue mobilization in countries with low levels of provision of public goods and social and infrastructure gaps, as well as in commodity-dependent countries. The paper then considers some practical implications for the standard debt sustainability analysis. Lastly, it evaluates the implications of the findings for the Laffer curve. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w28646 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586319 |
| 推荐引用方式 GB/T 7714 | Samara R. Gunter,Daniel Riera-Crichton,Carlos A. Vegh,et al. Policy Implications of Non-Linear Effects of Tax Changes on Output. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28646.pdf（541KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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