Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 24, 2013 erstellt
Description:
This paper calculates tax and expenditure elasticities for the general government sector, and produces general government structural primary balance. Indirect tax elasticity is calculated as 1.26 resulting from a shift in household consumption patterns from mostly primary goods and services, which are subject to lower tax rates, to more luxurious goods with higher tax rates as household income grows. In addition, elasticity is calculated as 1.28 for income tax, as 0.54 for social security premiums, as 1.38 for corporate income tax. Thus weighted general government tax elasticity is found as 1.04. Between 1999 and 2012, the ratio of primary general government balance to the potential GDP is calculated as 3.9 percent with a -0.2 percent cyclical effect on average