New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance:
This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the budget ba...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2014
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.1174 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the budget balance as a percentage of GDP with respect to the output gap. The study updates the earlier 2005 study of OECD economies using the most recent datasets and tax codes, the coverage being confined in this paper to the 28 EU member states, seven of which are not OECD members. The same basic two-step methodology is retained: revenue and expenditure elasticities with respect to the output gap being defined as the product of, first, the elasticities of individual revenue and expenditure items with respect to their bases and, second, the elasticities of these bases with respect to the output gap. A number of refinements and methodological improvements are made relative to the 2005 study. The revisions to individual elasticities relative to the 2005 vintage are significant in a number of cases but do not follow a clear pattern across countries, except for the elasticities of corporate income tax revenue which are revised up in most cases. |
| Beschreibung: | 1 Online-Ressource (51 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5jxrh8f24hf2-en |
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| spelling | Price, Robert VerfasserIn aut New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance Robert, Price, Thai-Thanh, Dang and Yvan, Guillemette = Nouvelles estimations de l'élasticité des taxes et dépenses pour la surveillance budgétaire de l'UE / Robert, Price, Thai-Thanh, Dang et Yvan, Guillemette Nouvelles estimations de l'élasticité des taxes et dépenses pour la surveillance budgétaire de l'UE Paris OECD Publishing 2014 1 Online-Ressource (51 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1174 This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the budget balance as a percentage of GDP with respect to the output gap. The study updates the earlier 2005 study of OECD economies using the most recent datasets and tax codes, the coverage being confined in this paper to the 28 EU member states, seven of which are not OECD members. The same basic two-step methodology is retained: revenue and expenditure elasticities with respect to the output gap being defined as the product of, first, the elasticities of individual revenue and expenditure items with respect to their bases and, second, the elasticities of these bases with respect to the output gap. A number of refinements and methodological improvements are made relative to the 2005 study. The revisions to individual elasticities relative to the 2005 vintage are significant in a number of cases but do not follow a clear pattern across countries, except for the elasticities of corporate income tax revenue which are revised up in most cases. Taxation Economics Dang, Thai-Thanh MitwirkendeR ctb Guillemette, Yvan MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5jxrh8f24hf2-en Volltext |
| spellingShingle | Price, Robert New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance Taxation Economics |
| title | New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance |
| title_alt | Nouvelles estimations de l'élasticité des taxes et dépenses pour la surveillance budgétaire de l'UE |
| title_auth | New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance |
| title_exact_search | New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance |
| title_full | New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance Robert, Price, Thai-Thanh, Dang and Yvan, Guillemette = Nouvelles estimations de l'élasticité des taxes et dépenses pour la surveillance budgétaire de l'UE / Robert, Price, Thai-Thanh, Dang et Yvan, Guillemette |
| title_fullStr | New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance Robert, Price, Thai-Thanh, Dang and Yvan, Guillemette = Nouvelles estimations de l'élasticité des taxes et dépenses pour la surveillance budgétaire de l'UE / Robert, Price, Thai-Thanh, Dang et Yvan, Guillemette |
| title_full_unstemmed | New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance Robert, Price, Thai-Thanh, Dang and Yvan, Guillemette = Nouvelles estimations de l'élasticité des taxes et dépenses pour la surveillance budgétaire de l'UE / Robert, Price, Thai-Thanh, Dang et Yvan, Guillemette |
| title_short | New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance |
| title_sort | new tax and expenditure elasticity estimates for eu budget surveillance |
| topic | Taxation Economics |
| topic_facet | Taxation Economics |
| url | https://doi.org/10.1787/5jxrh8f24hf2-en |
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