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@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 and 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, p.~297-302. ISBN~978-80-7394-760-6.
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