Electoral motives, partisan motives and dynamic optimality with many taxes:an international investigation

Christopoulos, Dimitris K. and Loizides, John and Tsionas, Michael (2009) Electoral motives, partisan motives and dynamic optimality with many taxes:an international investigation. Scottish Journal of Political Economy, 56 (1). pp. 94-113. ISSN 0036-9292

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Abstract

In this paper, we argue that tax-smoothing results based on total tax revenues may be of limited importance if in fact governments are concerned with the inter-temporal distortionary effects of many kinds of taxes, when electoral and partisan motives also have to be taken into account. We develop an inter-temporal model that predicts that tax revenue mix should follow random walks. The model is tested with international data using both time series and panel-based unit root tests. We find that during the examined period, 1973-2003, governments are not optimizing tax components in the sense of Barro.

Item Type:
Journal Article
Journal or Publication Title:
Scottish Journal of Political Economy
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/3300/3312
Subjects:
ID Code:
65249
Deposited By:
Deposited On:
17 Jun 2013 13:14
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jan 2020 08:32