Tax Capacity and Growth
By:Vitor Gaspar
Published on 2016-12-02 by International Monetary Fund
Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels.
We use two separate databases: a novel contemporary database covering 139 countries from 1965 to 2011 and a historical database for 30 advanced economies from 1800 to 1980.
We find that the answer to the question is yes.
Estimated tipping points are similar at about 123⁄4 percent of GDP.
For the contemporary dataset we find that a country just above the threshold will have GDP per capita 7.5 percent larger, after 10 years.
The effect is tightly estimated and economically large.
This Book was ranked at 171 by Google Books for keyword International Taxes.
Book ID of Tax Capacity and Growth's Books is JO7RDQAAQBAJ, Book which was written by "Vitor Gaspar" have ETAG "tYdJ6DdZl3M"
Book which was published by International Monetary Fund since 2016-12-02 have ISBNs, ISBN 13 Code is 1475558333 and ISBN 10 Code is 9781475558333
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