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Republic of Lithuania Selected Issues Paper

This Selected Issues Paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle. Both methods confirm that...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Staff Country Reports
Subjects:
Revenue Administration
Wealth
Income
Finance
Private Consumption
Public Finance & Taxation
Monetary Economics
Taxes
Saving
Personal Income
Long-term Capital Movements
Exports And Imports
National Accounts
Personal Income, Wealth, And Their Distributions
Tax Elasticity
Business Taxes And Subsidies
Consumption; Economics
Taxation, Subsidies, And Revenue: General
Tax Policy
Corporate & Business Tax
Corporate Taxation
Macroeconomics
Tax Administration And Procedure
Macroeconomics: Consumption
Taxation
Value-added Tax
Public Finance
Spendings Tax
Revenue
International Investment
Lithuania, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues Paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle. Both methods confirm that tax elasticities moved with the cycle, which can be attributed to the procyclical tax compliance tendencies and structural composition effects across tax bases. The results of the study emphasize the importance of accounting for cyclical variation in tax elasticities when making short-term tax revenue projections
Physical Description:39 pages
ISBN:9781463925253

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