The Resource Do Tax Structures Affect Aggregate Economic Growth? : Empirical Evidence from a Panel of OECD Countries, Jens Arnold, (electronic resource)

Do Tax Structures Affect Aggregate Economic Growth? : Empirical Evidence from a Panel of OECD Countries, Jens Arnold, (electronic resource)

Label
Do Tax Structures Affect Aggregate Economic Growth? : Empirical Evidence from a Panel of OECD Countries
Title
Do Tax Structures Affect Aggregate Economic Growth?
Title remainder
Empirical Evidence from a Panel of OECD Countries
Statement of responsibility
Jens Arnold
Creator
Subject
Language
eng
Summary
This paper examines the relationship between tax structures and economic growth by entering indicators of the tax structure into a set of panel growth regressions for 21 OECD countries, in which both the accumulation of physical and human capital are accounted for. The results of the analysis suggest that income taxes are generally associated with lower economic growth than taxes on consumption and property. More precisely, the findings allow the establishment of a ranking of tax instruments with respect to their relationship to economic growth. Property taxes, and particularly recurrent taxes on immovable property, seem to be the most growth-friendly, followed by consumption taxes and then by personal income taxes. Corporate income taxes appear to have the most negative effect on GDP per capita. These findings suggest that a revenue-neutral growth-oriented tax reform would be to shift part of the revenue base towards recurrent property and consumption taxes and away from income taxes, especially corporate taxes. There is also evidence of a negative relationship between the progressivity of personal income taxes and growth. All of the results are robust to a number of different specifications, including controlling for other determinants of economic growth and instrumenting tax indicators
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Arnold, Jens
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
OECD Economics Department Working Papers,
Series volume
no.643
http://library.link/vocab/subjectName
Economics
Label
Do Tax Structures Affect Aggregate Economic Growth? : Empirical Evidence from a Panel of OECD Countries, Jens Arnold, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762085017
Dimensions
21 x 30 cm
Extent
1 online resource 29 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/236001777843
Specific material designation
remote
System control number
(OCoLC)762085017
Label
Do Tax Structures Affect Aggregate Economic Growth? : Empirical Evidence from a Panel of OECD Countries, Jens Arnold, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762085017
Dimensions
21 x 30 cm
Extent
1 online resource 29 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/236001777843
Specific material designation
remote
System control number
(OCoLC)762085017

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