| Description |
1 online resource (23 pages) : illustrations |
| Series |
IMF working paper ; WP/10/138 |
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IMF working paper ; WP/10/138.
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| Contents |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Tax-Revenue-to-GDP Ratios; 2. Real GDP and Real Imports Growth; II. Related Literature; III. Preliminary Data Analysis; 1. Average Tax-Revenue-to-GDP Ratio; 2. Average Import-to-GDP Ratio; IV. Anatomy of Tax Revenue Downturns; 3. Tax Revenue Downturns: Size and Relative Frequency; 4a. What Accounts for Substantial Tax Downturns, Advanced 1986; 4b. What Accounts for Substantial Tax Downturns, Advanced 2001; 5a. What Accounts for Substantial Tax Downturns, Emerging and Developing 1986 |
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5b. What Accounts for Substantial Tax Downturns, Emerging and Developing 20016. What Accounts for Substantial Tax Downturns, Oil Producers; V. Tax Revenue Downturns and Import Contractions; 3a. Tax Revenue Downturns and Import Contractions, Full Sample; 3b. Tax Revenue Downturns and Import Contractions, Advanced Countries; 3c. Tax Revenue Downturns and Import Contractions, Emerging and Developing Countries; 3d. Tax Revenue Downturns and Import Contractions, Oil Producing Countries; VI. Determinants of Changes in Tax Revenues; 4. Determinants of Changes in Tax-Revenue-to-GDP Ratio |
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VII. Conclusion1. Countries in the Sample GFS 1986; 2. Countries in the Sample GFS 2001; 3. Country Groups; References; Footnotes |
| Summary |
We study historical tax revenue downturn episodes--where tax revenue-to-GDP ratios decline sharply--and explore the link between tax revenues and imports. We document that downturn episodes of at least 1 percentage point of GDP in one year are common. The tax types that account for these episodes are different in advanced, emerging and developing, and oil producing countries. We find that tax revenue downturns and import contractions have a statistically significant link. Finally, we show that changes in imports are a statistically significant determinant of changes in tax revenues even when controlling for changes in the output gap and in the terms of trade |
| Bibliography |
Includes bibliographical references (pages 22-23) |
| Notes |
Print version record |
| Subject |
Tax administration and procedure.
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Taxation -- Econometric models.
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Revenue -- Econometric models
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Imports -- Econometric models
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Imports -- Econometric models
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Revenue -- Econometric models
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Tax administration and procedure
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Taxation -- Econometric models
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| Form |
Electronic book
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| Author |
Lopez Murphy, Pablo, author.
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International Monetary Fund. Fiscal Affairs Department, issuing body.
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| ISBN |
1283553295 |
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9781283553292 |
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9781455230372 |
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1455230375 |
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9781455201211 |
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1455201219 |
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