Measuring the Growth and Variability of Tax Bases over the Business Cycle

Shows that the standard method for estimating elasticity results in asymptotic bias and inconsistent standard errors. Uses time-series econometric techniques to provide unbiased estimates of the long-run growth potential (the long-run elasticity) and cyclical variability (the short-run elasticity) of all major tax bases.

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Year of publication:	1996
Authors:	Sobel, Russell S. ; Holcombe, Randall G.
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 49.1996, 4, p. 535-52
Publisher:	National Tax Association - NTA

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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