A Macroeconometrical Model of Sustainable Fiscal Policy. Study Case on Romania

Roman, Mihai Daniel; Roman, Monica; Talvan, Magdalena

doi:10.7763/ijtef.2012.v3.175

Cited by 3 publications

(2 citation statements)

References 4 publications

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“…On the other hand, the increase of the tax collection efficiency can be achieved through the development of the fiscal authority and not necessarily through important changes of the tax system [11]. For the period of economic crisis, the authors in [12] concluded that the government fiscal policy was sustainable in the short term in relation to the sovereign debt, but in the long term the sustainability would be maintained if the economic growth rates were around 5% and the budget deficits below 3%.…”

Section: Introductionmentioning

confidence: 99%

Flat-Rate versus Progressive Taxation? An Impact Evaluation Study for the Case of Romania

et al. 2019

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Taking into consideration the recent debates on adopting a progressive tax system over the flat-rate taxation, our paper aims to investigate the impact of a change in the current Romanian personal income tax policy system from the 10% flat-rate tax system to some alternative progressive taxation scenarios. The methodological approach consisted in using the European Union Survey on Income and Living Conditions (EU-SILC) database to micro-simulate the impact upon poverty and income inequality. Through our ex-ante tax policy analysis we bring empirical evidence of a modest, but positive effect upon poverty rate and income inequalities in favor of a progressive taxation system. However, when looking at the government financial implications through the personal income tax budget revenues, we discuss upon the possible trade-off between the benefits on poverty and income inequalities and the possible budgetary drawbacks. Despite the data limitations, this study has the benefit of being among the first attempts to evaluate the impact of a personal income tax policy reform for the case of Romania.

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Section: Introductionmentioning

confidence: 99%

Flat-Rate versus Progressive Taxation? An Impact Evaluation Study for the Case of Romania

et al. 2019

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“…Sustainability of fiscal policy has an important role due to the long-term relationship between the setting of public revenues and the allocation of public funds. In this respect, each country must promote a policy which ensures that budgetary constraints are achieved (Alfonso A, 2012;Roman M, 2012, Alvarado C, 2004.…”

Section: Introduction and Literature Review On Budgetary Policymentioning

confidence: 99%

An overview of the influence of some macroeconomic variables on public revenues. A panel approach for a sample of European countries

Mișa

Kagitci

2019

Management &Amp; Marketing. Challenges for the Knowledge Society

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The efficiency of the Romanian tax administration has as a main purpose the maximization of the public revenues in order to support the expenses necessary for the good functioning of the state and the achievement of the budgetary balance. Public finance policy is a priority component of the overall policy of a state, manifested in the field of distribution and encompassing all the effective methods and means of procurement and directing of financial resources and the instruments, institutions and regulations in the field in order to influence the economic processes and the existing social relations at a time in an economy.

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Romanian Fiscal Policy Sustainability during Financial Crisis: A Cointegration Approach

Dornean

Oanea²

2015

Procedia Economics and Finance

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A Macroeconometrical Model of Sustainable Fiscal Policy. Study Case on Romania

Cited by 3 publications

References 4 publications

Flat-Rate versus Progressive Taxation? An Impact Evaluation Study for the Case of Romania

Flat-Rate versus Progressive Taxation? An Impact Evaluation Study for the Case of Romania

An overview of the influence of some macroeconomic variables on public revenues. A panel approach for a sample of European countries

Romanian Fiscal Policy Sustainability during Financial Crisis: A Cointegration Approach

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