European Parliament Library

Republic of Lithuania :, Selected Issues Paper

This Selected Issues Paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle. Both methods confirm that tax elasticities moved with the cycle, which can be attributed to the procyclical tax compliance tendencies and structural composition effects across tax bases. The results of the study emphasize the importance of accounting for cyclical variation in tax elasticities when making short-term tax revenue projections
Table Of Contents
Cover; Contents; I. The Strength and Sustainability of the Recovery; A. The Boom and the Bust; B. What Determines the Strength of the Recovery: A Model-Based Approach; C. The Recovery; D. Conclusions; References; Appendix; 1. Data Definitions and Sources; II. How Fast Can The Baltics Grow In The Medium Term?; A. Introduction; B. Medium-Term Growth Prospects; C. Some Policy Implications; D. Conclusions; References; Appendix; 1. The Models; III. Assessing the Variability of Tax Elasticities in Lithuania; A. Introduction; B. Related Literature on Estimating Tax Elasticities
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (40 p.)
Specific Material Designation
Form Of Item

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