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Horizont daňové politiky v zemích OECD
[Tax Policy Horizon in the OECD Countries]

Author

Listed:
  • Igor Kotlán
  • Zuzana Machová

Abstract

This aim of the article is to determine the optimal tax policy horizon, and thus its strongest impact on economic growth in OECD countries. From a methodological point of view, the empirical analysis is based on a dynamic panel model, in which the data for the OECD countries in the period of 2000-2011 are used. The results confirm the economic theory about the negative impact of taxes on growth and show that the tax policy infl uences the growth the strongest with the 2-3 years lag. The analysis also confi rms that permanent tax changes in sense of increased taxation may not be as negative for growth if they are accompanied by effective tax collection and increase of tax revenues.

Suggested Citation

  • Igor Kotlán & Zuzana Machová, 2014. "Horizont daňové politiky v zemích OECD [Tax Policy Horizon in the OECD Countries]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(2), pages 161-173.
    • Handle: RePEc:prg:jnlpol:v:2014:y:2014:i:2:id:944:p:161-173
    DOI: 10.18267/j.polek.944
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    More about this item

    Keywords

    economic growth; taxation; tax quota; World Tax Index (WTI); Tax Policy Horizon; Dynamic Panel Data Estimation;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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