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Is there a Tipping Point?
出版International Monetary Fund, 2016-12-02
主題Business & Economics / Public FinanceBusiness & Economics / Taxation / GeneralBusiness & Economics / Econometrics
ISBN14755583339781475558333
URLhttp://books.google.com.hk/books?id=JO7RDQAAQBAJ&hl=&source=gbs_api
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註釋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.