Eliofotou, Polyvios S. - In: Cyprus Economic Policy Review 3 (2009) 1, pp. 85-98
Between 2002 and 2008 the Cypriot economy has been growing at an annual average rate of about 3½% in real terms, significantly above euro area. In parallel, total tax receipts grew on average at 11% per year, leading to an average annual elasticity with respect to GDP of about 1½. This...