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Katsimi, Margarita; Sarantides, Vassilis - 2009

This 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...

Persistent link: https://www.econbiz.de/10010274386

Can we rely upon fiscal policy estimates in countries with unreported production of 15 per Cent (or more) of GDP?

Basile, Raffaella; Chiarini, Bruno; Marzano, Elisabetta - 2011

: quarterly fiscal variables on accrual basis and a time series estimate of tax evasion for the period 1981:1-2006:4. Following … unless the dynamics of the hidden and regular components of the GDP are disentangled. Changes in public spending and the tax … rate generate a reallocation from underground to the regular economy which contributes to obscure the spending and tax …

Persistent link: https://www.econbiz.de/10010277384