Deficits and taxes: essays on the political economy of fiscal policy
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Capelle a/d IJssel
Labyrint Publ.
2001
|
| Schriftenreihe: | Theses on systems, organization and management
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Zugl.: Groningen, Univ., Diss., 2001 |
| Beschreibung: | XI, 252 S. graph. Darst. |
| ISBN: | 9072591925 |
Internformat
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Datensatz im Suchindex
| _version_ | 1804129281313341440 |
|---|---|
| adam_text | Contents
List of Tables v
List of Figures ix
Acknowledgements xi
1 Introduction 1
1.1 Introduction 1
1.2 Budget Deficits 2
1.3 Tax Structure 3
1.4 Outline 4
1 Determinants of Budget Deficits 7
2 Literature Review 9
2.1 Introduction 9
2.2 Tax Smoothing Theory 10
2.3 Political and Institutional Determinants of Fiscal Policy 12
2.3.1 Fiscal Illusion 12
2.3.2 Strategic Debt Accumulation 14
2.3.3 Distributional Conflict 15
2.3.4 Intergenerational Conflict 16
2.3.5 Geographical Conflict 17
2.3.6 Budgetary Institutions 17
2.3.7 Summary 18
2.4 Empirical Evidence 18
2.4.1 Stability and Type of Government 19
2.4.2 The Effect of Budgetary Institutions 22
2.5 Concluding Remarks 24
i
3 Fragmented Government Effects on Fiscal Policy 25
3.1 Introduction 25
3.2 The model and data 27
3.3 Results for the Basic Model 31
3.4 Sensitivity Analyses 37
3.5 Concluding Remarks 40
4 Fiscal Performance and Political Instability 41
4.1 Introduction 41
4.2 Government Instability and Budget Deficits: An Overview .... 43
4.2.1 The Theoretical Framework 43
4.2.2 Empirics 44
4.3 The Data 46
4.4 Some Initial Results 49
4.5 Using Perceived Instability 51
4.6 Sensitivity Analyses 53
4.7 Discussion and Concluding Remarks 58
5 Budgetary Procedures: Aspects and Changes 59
5.1 Introduction 59
5.2 Methodology 61
5.3 Aspects of Budgetary Institutions 65
5.4 Evolution of Budgetary Institutions: The Case of some European
Countries 69
5.4.1 Introduction 69
5.4.2 Belgium 70
5.4.3 Ireland 73
5.4.4 Italy 76
5.4.5 Sweden 78
5.5 Concluding Remarks 80
II Determinants of the Tax Structure 83
6 Capital and Labour Income Taxes in Political Equilibrium 85
6.1 Introduction 85
6.2 Review of the Literature 87
6.3 The Model 88
6.4 Elections 91
6.5 The Stylised Political Institutions 95
ii
6.6 Results 98
6.7 Discussion 101
6.8 Concluding Remarks 102
7 Determinants of the Tax Mix 105
7.1 Introduction 105
7.2 The Tax Ratio and the Tax Mix 106
7.3 Review of the Literature 114
7.4 Models and Hypotheses 117
7.5 Empirical Results 121
7.6 Concluding Remarks 128
8 Tax Ratios: A Critical Survey 129
8.1 Introduction 129
8.2 Tax Ratios in the Literature: An Overview 133
8.3 Tax Ratios: Methodology of the Mendozaetal. (1994) Study ... 134
8.4 Tax Ratios: A Comparison 137
8.4.1 Personal Income Tax Ratios 137
8.4.2 Labour Income Tax Ratios 137
8.4.3 Capital Income Tax Ratios 140
8.4.4 Corporate Income Tax Ratios 142
8.4.5 Consumption Tax Ratios 142
8.5 Methodological and Practical Problems 143
8.5.1 General Comments 143
8.5.2 Fundamental Issues 144
8.5.3 Smaller Problems 150
8.6 Suggestions for Improvement 153
8.7 New Calculations of Tax Ratios 157
8.7.1 The Mendozaetal. (1994) Methodology 158
8.7.2 New Calculations Following our Suggested Methodology 16(1
8.7.3 Discussion 167
8.8 The Political Economy of Tax Ratios 172
8.8.1 The Basic Specification 173
8.8.2 The Political Variables 174
8.8.3 Empirical Results 176
8.9 Concluding Remarks 178
iii
9 Concluding Remarks 183
9.1 Introduction 183
9.2 Budget Deficits 183
9.3 Tax Structure 186
9.4 Discussion 188
A Appendix to Chapter 3 191
A.I Data Appendix 191
A.2 Replication of Perotti and Kontopoulos (1999) 192
B Appendix to Chapter 5 195
B.I Survey 195
B.2 Detailed Country Studies 198
B.2.1 Belgium 198
B.2.2 Ireland 201
B.2.3 Italy 205
B.2.4 Sweden 207
C Appendix to Chapter 7 211
C.I Data 211
D Appendix to Chapter 8 217
D.I Data 217
D.2 Country Reports 217
Bibliography 224
Author Index 239
Samenvatting (Summary in Dutch) 243
iv
List of Tables
2.1 Gross Debt to GDP Ratio (%) in 20 OECD Countries: 1965 1995 . 10
2.2 Overview of Co Determinants of Fiscal Performance 20
3.1 Political Variables: Description 31
3.2 Political Variables: Correlation 31
3.3 The Impact of Size Fragmentation on Fiscal Policy, Full Sample . 33
3.4 The Impact of Government s Position Vis a vis Parliament on Fis¬
cal Policy, Full Sample 35
3.5 The Impact of Political Fragmentation and Ideology on Fiscal Pol¬
icy, Full Sample 36
3.6 The Impact of Political Variables in the Subsamples 38
4.1 Overview of All Changes in Government 47
4.2 Overview of Significant Changes in Government 48
4.3 Results of the Basic Regression 50
4.4 Results of the Probit Analysis 52
4.5 Results of the Regression with Perceived Instability 54
4.6 Results of the Regression Including Fragmentation 55
4.7 Results of the Regression for 1971 83 Subsample 57
5.1 Indicators of Budgetary Institutions Based on Von Hagen and
New Survey 64
5.2 Aspects of Budgetary Institutions at the Beginning of the 1990s . 66
5.3 Correlation Matrix 66
5.4 Estimates of Equation 5.1 (Budgetary Variables Only), 12 EU Mem¬
ber Countries, 1980 92 68
5.5 Changes in Codings of Aspects of Budgetary Procedures 70
5.6 Budgetary Cycle in Belgium 71
5.7 Budgetary Cycle in Ireland 74
5.8 Budgetary Cycle in Italy 77
v
5.9 Budgetary Cycle in Sweden 79
6.1 Simulation Results for a Coalition in a 4 Party System 99
7.1 Tax Level as a Percentage of GDP 1965 1995 108
7.2 Taxation as Percentage of GDP in 23 OECD countries, 1965 1995 . Ill
7.3 Regression Results, Tax Ratio, Basic Specification 122
7.4 Regression Results Tax Ratio, Added Variables 123
7.5 Regression Results Tax Ratio, Added Lagged Variables 123
7.6 Regression Results Tax mix, Basic Specification 124
7.7 Regression Results Tax Mix, Added Variables 125
7.8 Regression Results Tax Mix, Added Lagged Variables 126
7.9 Regression Results Tax Mix, Added Variables and an Interaction
Term 126
7.10 Regression Results Tax Mix, Added Variables, Subperiods .... 127
8.1 Overview of Published Tax Ratios 133
8.2 Scope of Published Tax Ratios 134
8.3 Tax Ratios: Mendoza et al. (1994) 135
8.4 Classification of OECD National Accounts and Revenue Statistics 136
8.5 Tax Ratios: Mendoza et al. (1994) Versus Other Studies 138
8.6 Quotas for Income Tax Split Presently Used in the Structures of
the Taxation Systems in the European Union (1996 edition) .... 141
8.7 Overview of Tax Structures in OECD Countries, 1998 145
8.8 Effects of Transactions with the Rest of the World on Tax Ratios . 150
8.9 Tax Ratios: Suggested Definitions 156
8.10 Labour Income Tax Ratios (Own Calculations, Based on Our Ap¬
proach) 161
8.11 Capital Income Tax Ratios (Own Calculations, Based on Our Ap¬
proach) 162
8.12 Corporate Income Tax Ratios (Own Calculations, Based on Our
Approach) 163
8.12 Corporate Income Tax Ratios (Own Calculations, Based on Our
Approach) (continued) 164
8.13 Consumption Tax Ratios (Own Calculations, Based on Our Ap¬
proach) 165
8.13 Consumption Tax Ratios (Own Calculations, Based on Our Ap¬
proach) (continued) 166
8.14 Regression Results, Tax Ratios, Basic Specification 177
vi
8.15 Regression Results, Tax Ratios, Impact of Political Variables . . . 177
A.I Replication of Perotti and Kontopoulos (1999) 193
C.I Overview of Variable POL per Year per Country 213
C.2 Overview of Variable CPG per Year per Country 214
C.3 Overview of Variable Numgov per Year per Country 215
D.I Data Problems 218
D.I Data Problems (continued) 219
vii
List of Figures
5.1 Gross Government Debt (% GDP), 1979 1995, in Four Countries . 69
6.1 Illustration of t(e) 95
7.1 Total Tax to GDP Ratios in OECD Countries, 1965 1995 107
7.2 Tax Mix as a Percentage of GDP, Weighted by PPP value of GDP,
23 OECD Countries, 1965 1995 110
8.1 Labour Income Tax Ratio: our data vs. Mendoza et al. (1997) . . . 167
8.2 Capital Income Tax Ratio: our data vs. Mendoza etal. (1997) ... 168
8.3 Corporate Income Tax Ratio: our data vs. Mendoza et al. (1997) . 169
8.4 Consumption Tax Ratio: our data vs. Mendoza et al. (1997) .... 170
8.4 Consumption Tax Ratio: our data vs. Mendoza et al. (1997) (con¬
tinued) 171
ix
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| spelling | Volkerink, Bjørn Verfasser aut Deficits and taxes essays on the political economy of fiscal policy Bjørn Volkerink Capelle a/d IJssel Labyrint Publ. 2001 XI, 252 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Theses on systems, organization and management Zugl.: Groningen, Univ., Diss., 2001 Deficit Spending (DE-588)4011279-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Deficit Spending (DE-588)4011279-2 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009864507&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Volkerink, Bjørn Deficits and taxes essays on the political economy of fiscal policy Deficit Spending (DE-588)4011279-2 gnd |
| subject_GND | (DE-588)4011279-2 (DE-588)4113937-9 |
| title | Deficits and taxes essays on the political economy of fiscal policy |
| title_auth | Deficits and taxes essays on the political economy of fiscal policy |
| title_exact_search | Deficits and taxes essays on the political economy of fiscal policy |
| title_full | Deficits and taxes essays on the political economy of fiscal policy Bjørn Volkerink |
| title_fullStr | Deficits and taxes essays on the political economy of fiscal policy Bjørn Volkerink |
| title_full_unstemmed | Deficits and taxes essays on the political economy of fiscal policy Bjørn Volkerink |
| title_short | Deficits and taxes |
| title_sort | deficits and taxes essays on the political economy of fiscal policy |
| title_sub | essays on the political economy of fiscal policy |
| topic | Deficit Spending (DE-588)4011279-2 gnd |
| topic_facet | Deficit Spending Hochschulschrift |
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