Estimating the Laffer Curve for Slovakia: A DSGE Approach

D 2019

Estimating the Laffer Curve for Slovakia: A DSGE Approach

NĚMEC, Daniel, Vlastimil REICHEL, Jakub CHALMOVIANSKÝ a Jana BALÁŽOVÁ

Základní údaje

Originální název

Estimating the Laffer Curve for Slovakia: A DSGE Approach

Autoři

NĚMEC, Daniel (203 Česká republika, garant, domácí), Vlastimil REICHEL (203 Česká republika, domácí), Jakub CHALMOVIANSKÝ (703 Slovensko, domácí) a Jana BALÁŽOVÁ (703 Slovensko)

Vydání

České Budějovice, Proceedings of 37th International Conference on Mathematical Methods in Economics, od s. 297-302, 6 s. 2019

Nakladatel

University of South Bohemia in České Budějovice

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

Conference proceedings

Kód RIV

RIV/00216224:14560/19:00110683

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-7394-760-6

UT WoS

000507570400049

Klíčová slova anglicky

underground economy; DSGE model; tax system; Laffer curve; Slovakia

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 27. 6. 2024 10:26, Mgr. Michal Petr

Anotace

V originále

The goal of this paper is to quantify the impact of alternative tax adjustments on government tax revenues and the size of the shadow economy in Slovakia. Our approach uses a small dynamic stochastic general equilibrium (DSGE) model consisting of both formal and informal sectors of the economy. Using the quarterly data for the Slovak economy from 2000 to 2017 we estimate a linearised form of the DSGE model. Based on our parameter estimates, we perform a set of simulations using the non-linear form of the underlying DSGE model to evaluate the effects of changes in the corporate tax rate, personal income tax rate, social security tax rate, and in the probability of tax control. These effects are evaluated with regards to the changes in steady-state values of the output in the official economy, total tax revenues, and the size of the shadow economy. The corresponding Laffer curves show strong responses in the size of the underground economy when the corporate tax rates or personal income tax rates are growing. On the other hand, the increase of the social security tax rates causes only small growth in the share of the shadow economy without negative effects on government tax revenues.

Návaznosti

MUNI/A/0972/2018, interní kód MU

Název: Dynamické modelování strukturálních změn trhu práce a trhu s nemovitostmi v průběhu hospodářského cyklu

Investor: Masarykova univerzita, Dynamické modelování strukturálních změn trhu práce a trhu s nemovitostmi v průběhu hospodářského cyklu, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

NĚMEC, Daniel, Vlastimil REICHEL, Jakub CHALMOVIANSKÝ a Jana BALÁŽOVÁ. Estimating the Laffer Curve for Slovakia: A DSGE Approach. Online. In Michal Houda, Radim Remeš. Proceedings of 37th International Conference on Mathematical Methods in Economics. České Budějovice: University of South Bohemia in České Budějovice, 2019, s. 297-302. ISBN 978-80-7394-760-6.

@inproceedings{1556597,
   author = {Němec, Daniel and Reichel, Vlastimil and Chalmovianský, Jakub and Balážová, Jana},
   address = {České Budějovice},
   booktitle = {Proceedings of 37th International Conference on Mathematical Methods in Economics},
   editor = {Michal Houda, Radim Remeš},
   keywords = {underground economy; DSGE model; tax system; Laffer curve; Slovakia},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {České Budějovice},
   isbn = {978-80-7394-760-6},
   pages = {297-302},
   publisher = {University of South Bohemia in České Budějovice},
   title = {Estimating the Laffer Curve for Slovakia: A DSGE Approach},
   url = {https://mme2019.ef.jcu.cz/},
   year = {2019}
}

TY  - JOUR
ID  - 1556597
AU  - Němec, Daniel - Reichel, Vlastimil - Chalmovianský, Jakub - Balážová, Jana
PY  - 2019
TI  - Estimating the Laffer Curve for Slovakia: A DSGE Approach
PB  - University of South Bohemia in České Budějovice
CY  - České Budějovice
SN  - 9788073947606
KW  - underground economy
KW  - DSGE model
KW  - tax system
KW  - Laffer curve
KW  - Slovakia
UR  - https://mme2019.ef.jcu.cz/
L2  - https://mme2019.ef.jcu.cz/
N2  - The goal of this paper is to quantify the impact of alternative tax adjustments on government tax revenues and the size of the shadow economy in Slovakia. Our approach uses a small dynamic stochastic general equilibrium (DSGE) model consisting of both formal and informal sectors of the economy. Using the quarterly data for the Slovak economy from 2000 to 2017 we estimate a linearised form of the DSGE model. Based on our parameter estimates, we perform a set of simulations using the non-linear form of the underlying DSGE model to evaluate the effects of changes in the corporate tax rate, personal income tax rate, social security tax rate, and in the probability of tax control. These effects are evaluated with regards to the changes in steady-state values of the output in the official economy, total tax revenues, and the size of the shadow economy. The corresponding Laffer curves show strong responses in the size of the underground economy when the corporate tax rates or personal income tax rates are growing. On the other hand, the increase of the social security tax rates causes only small growth in the share of the shadow economy without negative effects on government tax revenues.
ER  -

NĚMEC, Daniel, Vlastimil REICHEL, Jakub CHALMOVIANSKÝ a Jana BALÁŽOVÁ. Estimating the Laffer Curve for Slovakia: A DSGE Approach. Online. In Michal Houda, Radim Remeš. \textit{Proceedings of 37th International Conference on Mathematical Methods in Economics}. České Budějovice: University of South Bohemia in České Budějovice, 2019, s.~297-302. ISBN~978-80-7394-760-6.

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