Persistence in Tax Revenues: Evidence from Some OECD Countries
This paper examines persistence in tax revenues in a set of 21 OECD countries over the period 1965–2021 using long-range dependence techniques based on fractional integration. The results imply that there are only a few cases of mean reversion: one for total revenue (Switzerland); three for VAT (Bel...
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ftunivnavarra:oai:dadun.unav.edu:10171/69791 2024-09-30T14:37:18+00:00 Persistence in Tax Revenues: Evidence from Some OECD Countries Caporale, G.M. (Guglielmo M.) García-Tapia, S. (Silvia) Gil-Alana, L.A. (Luis A.) 2024 application/pdf https://hdl.handle.net/10171/69791 eng eng Springer info:eu-repo/grantAgreement/AEI/Proyectos I+D/PID2020-113691RB-I00/[ES]/INTEGRACION FRACCIONAL: AVANCES TEORICOS Y DESARROLLOS EMPIRICOS https://hdl.handle.net/10171/69791 info:eu-repo/semantics/openAccess Revenues Taxes Persistence Fractional integration Long memory info:eu-repo/semantics/article 2024 ftunivnavarra 2024-09-03T23:45:50Z This paper examines persistence in tax revenues in a set of 21 OECD countries over the period 1965–2021 using long-range dependence techniques based on fractional integration. The results imply that there are only a few cases of mean reversion: one for total revenue (Switzerland); three for VAT (Belgium, Italy, and Spain), and six for tax on income (Austria, Belgium, Finland, Spain, Sweden and USA). The analysis is also carried out for infation in the same set of countries. Again the I(1) hypothesis cannot be rejected in most cases, mean reversion only occurring in Korea, Iceland, Norway and Sweden. However, stronger evidence of mean reversion is found for the diferences between the three original tax series and infation compared to the tax series themselves, which points to the existence of a linkage between taxation and infation, especially in the case of VAT and tax on income Article in Journal/Newspaper Iceland dadun - Depósito Académico Digital Universidad de Navarra Norway |
institution |
Open Polar |
collection |
dadun - Depósito Académico Digital Universidad de Navarra |
op_collection_id |
ftunivnavarra |
language |
English |
topic |
Revenues Taxes Persistence Fractional integration Long memory |
spellingShingle |
Revenues Taxes Persistence Fractional integration Long memory Caporale, G.M. (Guglielmo M.) García-Tapia, S. (Silvia) Gil-Alana, L.A. (Luis A.) Persistence in Tax Revenues: Evidence from Some OECD Countries |
topic_facet |
Revenues Taxes Persistence Fractional integration Long memory |
description |
This paper examines persistence in tax revenues in a set of 21 OECD countries over the period 1965–2021 using long-range dependence techniques based on fractional integration. The results imply that there are only a few cases of mean reversion: one for total revenue (Switzerland); three for VAT (Belgium, Italy, and Spain), and six for tax on income (Austria, Belgium, Finland, Spain, Sweden and USA). The analysis is also carried out for infation in the same set of countries. Again the I(1) hypothesis cannot be rejected in most cases, mean reversion only occurring in Korea, Iceland, Norway and Sweden. However, stronger evidence of mean reversion is found for the diferences between the three original tax series and infation compared to the tax series themselves, which points to the existence of a linkage between taxation and infation, especially in the case of VAT and tax on income |
format |
Article in Journal/Newspaper |
author |
Caporale, G.M. (Guglielmo M.) García-Tapia, S. (Silvia) Gil-Alana, L.A. (Luis A.) |
author_facet |
Caporale, G.M. (Guglielmo M.) García-Tapia, S. (Silvia) Gil-Alana, L.A. (Luis A.) |
author_sort |
Caporale, G.M. (Guglielmo M.) |
title |
Persistence in Tax Revenues: Evidence from Some OECD Countries |
title_short |
Persistence in Tax Revenues: Evidence from Some OECD Countries |
title_full |
Persistence in Tax Revenues: Evidence from Some OECD Countries |
title_fullStr |
Persistence in Tax Revenues: Evidence from Some OECD Countries |
title_full_unstemmed |
Persistence in Tax Revenues: Evidence from Some OECD Countries |
title_sort |
persistence in tax revenues: evidence from some oecd countries |
publisher |
Springer |
publishDate |
2024 |
url |
https://hdl.handle.net/10171/69791 |
geographic |
Norway |
geographic_facet |
Norway |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
info:eu-repo/grantAgreement/AEI/Proyectos I+D/PID2020-113691RB-I00/[ES]/INTEGRACION FRACCIONAL: AVANCES TEORICOS Y DESARROLLOS EMPIRICOS https://hdl.handle.net/10171/69791 |
op_rights |
info:eu-repo/semantics/openAccess |
_version_ |
1811640165691555840 |