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Title:Estimating dynamic tax revenue elasticities for Germany PDF Logo
Authors:Koester, Gerrit B.
Priesmeier, Christoph
Issue Date:2012
Series/Report no.:Discussion Paper, Deutsche Bundesbank 23/2012
Abstract:We analyse tax revenue elasticities by applying dynamic models to a new disaggregated dataset for Germany, which is adjusted for the effects of tax reforms. We estimate long-run elasticities that are substantially lower than in comparable studies for profit-related taxes and are slightly lower for value-added taxes, whereas the long-run elasticity for wage taxes is close to the consensus estimate in the literature. Additionally, we find that differences between short- and long-run elasticities are particularly important with respect to profit-related taxes. Here we estimate a far lower contemporaneous response to tax base changes than other studies and a dynamic reaction pattern spanning several years, which can be explained, for example, by tax collection lags.
Subjects:Dynamic tax revenue elasticities
Disaggregated analysis
Error correction models
JEL:H2
H24
H25
E26
ISBN:978-3-86558-842-5
Document Type:Working Paper
Appears in Collections:Discussion Papers, Deutsche Bundesbank

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