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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/30459
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| Title: | | Revenue forecasting practices : differences across countries and consequences for forecasting performance  |
| Authors: | | Buettner, Thiess Kauder, Björn |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2628 |
| Abstract: | | This paper reviews the practice and performance of revenue forecasting in selected OECD countries. While the mean forecast errors are small in most countries, the precision of the forecasts measured by the standard deviation of the forecast error differs substantially across countries. Based on a comparison of forecasting practices we show that these differences can be attributed to a large part to differences in the timing of the forecasts and in the tax structure. In addition, we find some evidence that differences in methods and institutions also matter for the forecasting precision. In particular, we find that the use of macroeconomic models as well as the independence of revenue forecasting are associated with a lower standard deviation of the forecast error. |
| Subjects: | | revenue forecasting international comparison OECD countries forecast error |
| JEL: | | H68 H11 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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