Tax Adjustments and Informal Economy in the Czech Republic and
Slovakia: A DSGE Approach

D 2020

Tax Adjustments and Informal Economy in the Czech Republic and Slovakia: A DSGE Approach

CHALMOVIANSKÝ, Jakub, Daniel NĚMEC a Vlastimil REICHEL

Základní údaje

Originální název

Tax Adjustments and Informal Economy in the Czech Republic and Slovakia: A DSGE Approach

Autoři

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

Vydání

Bratislava, Quantitative Methods in Economics; Multiple Criteria Decision Making XX, od s. 119-126, 8 s. 2020

Nakladatel

University of Economics, Bratislava

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Slovensko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

Conference proceedings

Kód RIV

RIV/00216224:14560/20:00116017

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-89962-60-0

Klíčová slova anglicky

DSGE model; informal economy; Laffer curve; tax evasion

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 16. 7. 2020 17:16, Mgr. Jakub Chalmovianský, Ph.D.

Anotace

V originále

The goal of this paper is to quantify and compare the impacts of alternative tax adjustments in the corporate tax rate on the size of the shadow economy and, consequently, on government tax revenues in Slovakia and the Czech Republic. In this contribution, we present results based on a small dynamic stochastic general equilibrium (DSGE) model consisting of both formal and informal sectors of an economy. We estimate this DSGE model in linearized form for both Slovak and Czech economies, using the quarterly data for household consumption, investments, total gross wages, probability of tax audit, and several measures for government revenues. Based on the estimated parameter values, we perform a set of simulations using the non-linear form of the underlying DSGE model to evaluate the differences in effects of changes in the corporate tax rate on the two economies of interest. 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 help us to analyze the reaction of the informal economy in response to changes in the corporate tax rates, and subsequent effects on the size of the government tax revenues.

Návaznosti

MUNI/A/0880/2019, interní kód MU

Název: Regulácie na trhu práce a trhu nehnuteľností a dynamika šedej ekonomiky v priebehu hospodárskeho cyklu

Investor: Masarykova univerzita, Regulácie na trhu práce a trhu nehnuteľností a dynamika šedej ekonomiky v priebehu hospodárskeho cyklu, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

CHALMOVIANSKÝ, Jakub, Daniel NĚMEC a Vlastimil REICHEL. Tax Adjustments and Informal Economy in the Czech Republic and Slovakia: A DSGE Approach. Online. In M. Reiff, P. Gežík. Quantitative Methods in Economics; Multiple Criteria Decision Making XX. Bratislava: University of Economics, Bratislava, 2020, s. 119-126. ISBN 978-80-89962-60-0.

@inproceedings{1670536,
   author = {Chalmovianský, Jakub and Němec, Daniel and Reichel, Vlastimil},
   address = {Bratislava},
   booktitle = {Quantitative Methods in Economics; Multiple Criteria Decision Making XX},
   editor = {M. Reiff, P. Gežík},
   keywords = {DSGE model; informal economy; Laffer curve; tax evasion},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Bratislava},
   isbn = {978-80-89962-60-0},
   pages = {119-126},
   publisher = {University of Economics, Bratislava},
   title = {Tax Adjustments and Informal Economy in the Czech Republic and Slovakia: A DSGE Approach},
   url = {http://www.fhi.sk/files/katedry/kove/ssov/VKOXX/Zbornik2020.pdf},
   year = {2020}
}

TY  - JOUR
ID  - 1670536
AU  - Chalmovianský, Jakub - Němec, Daniel - Reichel, Vlastimil
PY  - 2020
TI  - Tax Adjustments and Informal Economy in the Czech Republic and Slovakia: A DSGE Approach
PB  - University of Economics, Bratislava
CY  - Bratislava
SN  - 9788089962600
KW  - DSGE model
KW  - informal economy
KW  - Laffer curve
KW  - tax evasion
UR  - http://www.fhi.sk/files/katedry/kove/ssov/VKOXX/Zbornik2020.pdf
L2  - http://www.fhi.sk/files/katedry/kove/ssov/VKOXX/Zbornik2020.pdf
N2  - The goal of this paper is to quantify and compare the impacts of alternative tax adjustments in the corporate tax rate on the size of the shadow economy and, consequently, on government tax revenues in Slovakia and the Czech Republic. In this contribution, we present results based on a small dynamic stochastic general equilibrium (DSGE) model consisting of both formal and informal sectors of an economy. We estimate this DSGE model in linearized form for both Slovak and Czech economies, using the quarterly data for household consumption, investments, total gross wages, probability of tax audit, and several measures for government revenues. Based on the estimated parameter values, we perform a set of simulations using the non-linear form of the underlying DSGE model to evaluate the differences in effects of changes in the corporate tax rate on the two economies of interest. 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 help us to analyze the reaction of the informal economy in response to changes in the corporate tax rates, and subsequent effects on the size of the government tax revenues.
ER  -

CHALMOVIANSKÝ, Jakub, Daniel NĚMEC a Vlastimil REICHEL. Tax Adjustments and Informal Economy in the Czech Republic and Slovakia: A DSGE Approach. Online. In M. Reiff, P. Gežík. \textit{Quantitative Methods in Economics; Multiple Criteria Decision Making XX}. Bratislava: University of Economics, Bratislava, 2020, s.~119-126. ISBN~978-80-89962-60-0.

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