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dc.contributor.authorKatsimi, Margaritaen_US
dc.contributor.authorSarantides, Vassilisen_US
dc.date.accessioned2009-11-19en_US
dc.date.accessioned2010-05-14T08:23:35Z-
dc.date.available2010-05-14T08:23:35Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30646-
dc.description.abstractThis paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the government budget constraint, and we try to disentangle the effects of different spending and taxation items. As far as public spending is concerned, our results strongly suggest that capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the same time our results indicate that transport and communication expenditures increase profits, while the opposite holds for defense expenditures. On the revenue side, both direct and indirect taxation tend to decrease profits. However, a more detailed sub-division of direct taxation indicates that social security contributions have a neutral effect on profits.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2849en_US
dc.subject.jelE62en_US
dc.subject.jelH32en_US
dc.subject.jelH54en_US
dc.subject.ddc330en_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordprofitsen_US
dc.subject.keywordquality of public expenditureen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwÖffentliche Ausgabenen_US
dc.subject.stwSteuerpolitiken_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwGewinnen_US
dc.subject.stwOECD-Staatenen_US
dc.titleThe impact of fiscal policy on profitsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn613134311en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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