Estimating the sensitivity of state tax revenue to cyclical and wealth effects

Seyfried, William; Pantuosco, Louis J.

doi:10.1007/bf02751594

Cited by 8 publications

(6 citation statements)

References 8 publications

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“…Based on these results we test for cointegration in each tax category, applying the residual based (Augmented) Engle-Granger (AEG) procedure with different specifications of the general deterministic (constants, trends and lag orders) and structural breaks (indicated in the stationarity analysis). 30 Results are reported in appendix B.…”

Section: Time Series Propertiesmentioning

confidence: 99%

“…The quasi-non-stationarity properties of the growth rate of wage tax revenues may generate the high coefficients of determination in the wage tax revenue growth equation, which is estimated below. We take this into account, including a growth rate shift in 1993 in the estimated ECMs 30. In all tax revenue series and in a majority of the bases, German reunification leads to some significant distortion around 1991.…”

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confidence: 99%

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Estimating Dynamic Tax Revenue Elasticities for Germany

Koester

Priesmeier

2012

SSRN Journal

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Section: Time Series Propertiesmentioning

confidence: 99%

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confidence: 99%

Estimating Dynamic Tax Revenue Elasticities for Germany

Koester

Priesmeier

2012

SSRN Journal

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“…More recently, but with estimating techniques that are rather different,Seyfried and Pantuosco (2003) use data from ten states to jointly estimate growth elasticities, variance, and covariance for three major taxes. They conclude that all states could have achieved the same growth trend in revenues at a lower variance by dropping the corporate income tax and re-weighting the sales and personal income taxes.…”

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confidence: 99%

State Revenue Cyclicality

Dye¹

2004

National Tax Journal

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How are major state revenue sources affected by the business cycle? Could changing the mix of taxes mitigate the severity of cyclical budget problems? This paper examines issues in estimating and interpreting the short-run elasticity of taxes with respect to personal income. Recent literature implies that, on average, state personal income taxes and sales taxes have very similar short-run elasticities, suggesting that changing the tax mix would have little overall impact on revenue variability. However, cross-state variations around those averages are considerable and specification matters, suggesting that there are no easy or general answers to the framing questions.

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“…To identify the effective structure of tax systems in different countries, Seyfried and Pantuosco (2003) applied the objective function of minimizing the standard deviation of tax revenue growth rates. The authors concluded that the effectiveness of the tax system, as a rule, increases with a decrease in the share of corporate income tax or its analogues.…”

Section: Literature Overviewmentioning

confidence: 99%

Risks of Regional Tax Systems and Their Portfolio Decomposition: The Case of Modern Russia

Малкина¹,

Balakin²

2020

Acta Univ. Agric. Silvic. Mendelianae Brun.

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The purpose of this paper is an assessment of the risk of regional tax systems at different levels of the budget system (consolidated, federal, regional and local), decomposition of this risk by sources (various taxes and tax groups) and the isolation of internal (related to own tax return volatility) and external (related to the correlation of tax returns volatility) risk components. Using the portfolio approach, we measured and decomposed the risk of tax systems of 80 constituent entities of the Russian Federation in 2006–2017. As a result, we found a weak positive relationship between the risk and return of the regional tax systems at all budget levels. By comparing the structure of return and risk of regional tax systems, we identified taxes – risk dampers and taxes – risk enhancers, and estimated the overall level of imbalance in regional tax systems at the studied budget levels. It allowed us to conclude about the effectiveness of diversification of regional tax systems, the advisability of combining different taxes in a single portfolio, or transferring them to another level of the budget system.

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Estimating the sensitivity of state tax revenue to cyclical and wealth effects

Cited by 8 publications

References 8 publications

Estimating Dynamic Tax Revenue Elasticities for Germany

Estimating Dynamic Tax Revenue Elasticities for Germany

State Revenue Cyclicality

Risks of Regional Tax Systems and Their Portfolio Decomposition: The Case of Modern Russia

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