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Explaining output volatility: The case of taxation

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Explaining output volatility : The case of taxation. / Posch, Olaf.

In: Journal of Public Economics, Vol. 95, No. 11-12, 2011, p. 1589-1606.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaper › Journal article › Research › peer-review

Harvard

Posch, O 2011, 'Explaining output volatility: The case of taxation', Journal of Public Economics, vol. 95, no. 11-12, pp. 1589-1606. https://doi.org/10.1016/j.jpubeco.2011.05.009

APA

Posch, O. (2011). Explaining output volatility: The case of taxation. Journal of Public Economics, 95(11-12), 1589-1606. https://doi.org/10.1016/j.jpubeco.2011.05.009

CBE

Posch O. 2011. Explaining output volatility: The case of taxation. Journal of Public Economics. 95(11-12):1589-1606. https://doi.org/10.1016/j.jpubeco.2011.05.009

MLA

Posch, Olaf. "Explaining output volatility: The case of taxation". Journal of Public Economics. 2011, 95(11-12). 1589-1606. https://doi.org/10.1016/j.jpubeco.2011.05.009

Vancouver

Posch O. Explaining output volatility: The case of taxation. Journal of Public Economics. 2011;95(11-12):1589-1606. doi: 10.1016/j.jpubeco.2011.05.009

Author

Posch, Olaf. / Explaining output volatility : The case of taxation. In: Journal of Public Economics. 2011 ; Vol. 95, No. 11-12. pp. 1589-1606.

Bibtex

@article{f9cbe300ee604a7db280785fca6c3077,
title = "Explaining output volatility: The case of taxation",
abstract = "This paper presents strong empirical evidence that the observed heterogeneity of output volatility across countries and over time is partly endogenous. In particular, based on a closed-form solution we obtain a (long-run) equilibrium relationship between taxes and output volatility in the stochastic neoclassical growth model by showing that asymptotically the variance of output growth rates is affected by the level of taxes, without affecting the mean. We estimate the tax semi-elasticities on output volatility and provide convincing empirical evidence that taxes are important to understand differences in output volatility among OECD countries.",
author = "Olaf Posch",
note = "Copyright 2011 Elsevier B.V., All rights reserved.",
year = "2011",
doi = "10.1016/j.jpubeco.2011.05.009",
language = "English",
volume = "95",
pages = "1589--1606",
journal = "Journal of Public Economics",
issn = "0047-2727",
publisher = "Elsevier BV",
number = "11-12",

}

RIS

TY - JOUR

T1 - Explaining output volatility

T2 - The case of taxation

AU - Posch, Olaf

N1 - Copyright 2011 Elsevier B.V., All rights reserved.

PY - 2011

Y1 - 2011

N2 - This paper presents strong empirical evidence that the observed heterogeneity of output volatility across countries and over time is partly endogenous. In particular, based on a closed-form solution we obtain a (long-run) equilibrium relationship between taxes and output volatility in the stochastic neoclassical growth model by showing that asymptotically the variance of output growth rates is affected by the level of taxes, without affecting the mean. We estimate the tax semi-elasticities on output volatility and provide convincing empirical evidence that taxes are important to understand differences in output volatility among OECD countries.

AB - This paper presents strong empirical evidence that the observed heterogeneity of output volatility across countries and over time is partly endogenous. In particular, based on a closed-form solution we obtain a (long-run) equilibrium relationship between taxes and output volatility in the stochastic neoclassical growth model by showing that asymptotically the variance of output growth rates is affected by the level of taxes, without affecting the mean. We estimate the tax semi-elasticities on output volatility and provide convincing empirical evidence that taxes are important to understand differences in output volatility among OECD countries.

UR - http://www.scopus.com/inward/record.url?scp=80855160229&partnerID=8YFLogxK

U2 - 10.1016/j.jpubeco.2011.05.009

DO - 10.1016/j.jpubeco.2011.05.009

M3 - Journal article

AN - SCOPUS:80855160229

VL - 95

SP - 1589

EP - 1606

JO - Journal of Public Economics

JF - Journal of Public Economics

SN - 0047-2727

IS - 11-12

ER -