Progressive Tax Policy and Economic Stability

Weller, Christian E.; Rao, Mingyi

doi:10.2753/jei0021-3624440304

Cited by 9 publications

(8 citation statements)

References 21 publications

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“…On the other hand, a more progressive income tax policy could offer a stabilizing alternative. It could result in more revenue, more countercyclical policy, and more income equality and thus a more stable demand growth (Weller and Rao 2010). Value added tax is transparent in the terms of the possibility to determine the tax burden of a product at any stage of its production.…”

Section: Resultsmentioning

confidence: 99%

Distribution of the increased tax burden for agricultural products and food in the Czech Republic

David¹

2012

AGR ECON-CZECH

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Th e article determines the transfer rate of tax burden to the buyers of agricultural products and food consumer in the most recent major change in the reduced rates of value added tax in the Czech Republic in late 2007 and 2008. At the same time, it identifi es the size of the portion of the increased tax burden which agricultural producers and sellers of food carry, after the increase in the reduced rate of VAT in the Czech Republic. Th e possible future changes in this fi eld are considered on the basis of determining the values of the distribution of the increased tax burden. It also includes the determination of the indicator of change in the selling prices of agricultural products and food in the increase of the reduced rate of VAT in the Czech Republic. In 2008, the buyers of agricultural products carried a considerable part of the increased tax burden and food buyers were burdened by signifi cantly more than just b an increased tax burden of the reduced rate of the value added tax. Th e growth in prices of agricultural products in the given period corresponded to the growth of the tax burden. Food prices doubled compared to the increase in the tax burden. Th ese results should be considered when planning future changes in the fi eld of the rates of VAT in the Czech Republic.

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Section: Resultsmentioning

confidence: 99%

Distribution of the increased tax burden for agricultural products and food in the Czech Republic

David¹

2012

AGR ECON-CZECH

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“…Progressive tax policy may support economic stability. This is related to its correlation with countercyclical fiscal policy and income equality (Weller, C., Rao, 2010). In the literature, the economic growth and the tax structure have a direct link (Engen, E., Skinner, 1996).…”

Section: Taxes -Growth Nexusmentioning

confidence: 99%

Taxes, Expenditure and Development Nexus: A Panel VECM Analysis on Romanian NUTS2 Regions

Surugiu

Mazilescu

et al. 2021

EJSD

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The investigation starts with the computation of the Socio-Economic Development Index (SEDI index) with data for Romania. Based on the index values, the long-run relationship between taxes and expenditure is assessed, for Romanian NUTS2 regions from 2000 to 2016. According to the results, there is a Granger causality relationship from budget revenue and expenditure to SEDI. The results emphasize the significant impact of taxes and expenditure on socio-economic development. The paper underlines the need for effective public strategies to be implemented by the authorities at the regional level, which may propel the socio-economic development. The results support the fiscal synchronization hypothesis.

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“…national savings, somehow or other these variables are co---integrated. Weller and Rao (2010) conducted study on tax revenue and domestic savings. They reported direct relationship of tax revenue and domestic savings.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Previously research studies have been conducted by Jappelli et al (1994);Blomstorm et al (1996); Gavin et al (1997). Sinha et al (1998) and Weller et al (2010) on this topic of research. However previous studies have emphasized on domestic saving of one country or countries chosen from other different regions of the world.…”

Section: Introductionmentioning

confidence: 99%

Determinants of Gross Domestic Saving: An Evidence from Asian Countries

Khan¹,

Teng²,

Khan³

et al. 2018

TR1001

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This paper investigates determinants of gross domestic saving of eighteen Asian countries. Eighteen Asian countries were selected, based on the availability of data from the year 1995-2016. Secondary panel data of the determinants of gross domestic saving were obtained from the official website of the World Bank. Different statistical techniques such as fixed effect model, descriptive statistics and correlation matrix were employed in this research study. The results of the secondary data revealed that gross domestic product, age dependency ratio, broad money and inflation have statistically significant effect on the gross domestic savings while Tax revenue have non-significant effect on gross domestic saving. Gross domestic product, broad money and tax revenue have positive effect on gross domestic saving while age dependency ratio and inflation have negative effect on gross domestic saving. It is recommended that government of selected countries should adopt proper policies for financial institutions in order to encourage saving behavior among the people of their countries.

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Progressive Tax Policy and Economic Stability

Cited by 9 publications

References 21 publications

Distribution of the increased tax burden for agricultural products and food in the Czech Republic

Distribution of the increased tax burden for agricultural products and food in the Czech Republic

Taxes, Expenditure and Development Nexus: A Panel VECM Analysis on Romanian NUTS2 Regions

Determinants of Gross Domestic Saving: An Evidence from Asian Countries

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