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Predicting available tax revenue accurately is a key step of fiscal policy. It has recently been shown that revenue projection errors have a direct impact on fiscal deficits. In this paper, we explore the relationship between the ideology of the finance minister and tax revenue projection...
Persistent link: https://www.econbiz.de/10010483576
This paper compares states in terms of their relative fiscal capacity, fiscal need, fiscal comfort, and tax effort in state fiscal year 1999 (FY1999). It is the most recent in a series initiated by the U.S. Advisory Commission on Intergovernmental Relations (ACIR) in 1962. As in previous...
Persistent link: https://www.econbiz.de/10012731911
Predicting available tax revenue accurately is a key step of fiscal policy. It has recently been shown that revenue prediction errors have a direct impact on fiscal deficits. In the current paper we explore the relationship between the ideology of the finance minister and tax revenue projection...
Persistent link: https://www.econbiz.de/10010213021
The existing empirical literature on the US federal revenue-expenditure nexus has had mixed findings. Amongst those papers presenting evidence in favor of causation running from taxes to expenditures, support for the conventional, Friedman-type tax-spend hypothesis is nearly ubiquitous. Evidence...
Persistent link: https://www.econbiz.de/10012724482
The challenges states face in reducing government expenditures under certain budget constraints are putting pressure on states to increase their revenues. Given that taxation also has a limit, the importance of non-tax revenues (NTR) in financing growing government expenditures increases day by...
Persistent link: https://www.econbiz.de/10013368729
.In this paper we assess the impact of commodity price volatility on tax revenues, while existing works were concentrated on … country-specific indices which measure the volatility of the international price of 41 commodities in the sectors of … agriculture, minerals and energy. We find robust evidence that tax revenues in developing countries are hurt by the volatility of …
Persistent link: https://www.econbiz.de/10013007653
Persistent link: https://www.econbiz.de/10012800444
Persistent link: https://www.econbiz.de/10011587497
A substantial amount of aid to developing countries is given to the government, or goes through the budget, meaning it should have an impact on government fiscal behaviour (particularly on government spending). The few existing cross-country empirical studies on the effects of aid on government...
Persistent link: https://www.econbiz.de/10011596237
A substantial amount of aid to developing countries is given to the government, or goes through the budget, meaning it should have an impact on government fiscal behaviour (particularly on government spending). The few existing empirical studies on the effects of aid on government spending...
Persistent link: https://www.econbiz.de/10013380683