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ralph lauren polo

 
Jeetendra Khadan
 
''Long and short-run tax buoyancies in small states''
( 2020, Vol. 40 No.1 )
 
 
This paper uses a recently developed and updated tax revenue dataset to estimate long- and short-run tax buoyancies for a group of 36 small states for the period 1993-2017. The main findings suggest that while buoyancies for aggregate tax revenues are relatively high, the long-run buoyancy for indirect taxes—which accounts for most tax revenues—is relatively lower than the buoyancy for direct taxes. Also, short-run buoyancies were found to be relatively low for both tax categories. It was found that the magnitude of the long-run buoyancy declined from the pre-crisis period to the post-crisis period, while short-run tax buoyancies have improved.
 
 
Keywords: tax buoyancy, panel cointegration, small states, fiscal policy
JEL: E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
H2 - Taxation, Subsidies, and Revenue: General
 
Manuscript Received : Oct 14 2019 Manuscript Accepted : Mar 25 2020

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