How Buoyant is Public Revenue?

Robinson, Bill

doi:10.1111/j.1475-5890.1987.tb00534.x

Cited by 5 publications

(3 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…How do these values compare with earlier results? Using rough estimates of aggregate effective average and marginal tax rates of approximately 17 and 27 per cent respectively, Robinson (1987) suggested that the aggregate income tax revenue elasticity was around 1.6 during the early 1980s. Johnson and Lambert (1989) confirmed estimates in the region of 1.5 to 1.64 for 1980-84.…”

Section: Income Tax Revenue Elasticitiesmentioning

confidence: 99%

The income elasticity of tax revenue: estimates for income and consumption taxes in the United Kingdom

Creedy

Gemmell

2004

Fiscal Studies

View full text Add to dashboard Cite

This paper provides estimates of individual and aggregate revenue elasticities of income and consumption taxes in the UK over the period 1989–2000. It shows how budgetary changes, including changes to income‐related deductions, have substantially affected income elasticities. The estimates of consumption tax revenue elasticities show that changes in consumption patterns over time are important. A merit of the approach used here is that elasticity estimates can be calculated readily from official published sources.

show abstract

Section: Income Tax Revenue Elasticitiesmentioning

confidence: 99%

The income elasticity of tax revenue: estimates for income and consumption taxes in the United Kingdom

Creedy

Gemmell

2004

Fiscal Studies

View full text Add to dashboard Cite

show abstract

“…Robinson (1987) has already remarked upon the authorities' tendency to assume that a large portion of the revealed (recently negative) forecast error will persist into the future; this feature of 1987's Budget is a feature also of the current year's Budget exercise. Robinson (1987) has already remarked upon the authorities' tendency to assume that a large portion of the revealed (recently negative) forecast error will persist into the future; this feature of 1987's Budget is a feature also of the current year's Budget exercise.…”

Section: The Psbrmentioning

confidence: 99%

“…More generally, however, the well-known predominance of large errors in PSBR forecasting must lead to some concern that PSBR targeting may result in some spectacular errors. Robinson (1987) has already remarked upon the authorities' tendency to assume that a large portion of the revealed (recently negative) forecast error will persist into the future; this feature of 1987's Budget is a feature also of the current year's Budget exercise. Robinson went on to examine the errors in revenue projections, specifically asking whether the elasticity assumptions were in error, but finding a clean bill of health for the authorities in this particular.…”

Section: The Psbrmentioning

confidence: 99%