Spillover effects of taxes on government debt: a spatial panel approach. (3rd May 2016)
- Record Type:
- Journal Article
- Title:
- Spillover effects of taxes on government debt: a spatial panel approach. (3rd May 2016)
- Main Title:
- Spillover effects of taxes on government debt: a spatial panel approach
- Authors:
- Kopczewska, Katarzyna
Kudła, Janusz
Walczyk, Konrad
Kruszewski, Robert
Kocia, Agata - Abstract:
- ABSTRACT: It is claimed that tax policy is neither time- nor space-independent due to cross-border tax base mobility, which induces spillovers. Specifically, fiscal shocks in one country are supposed to have an impact on fiscal policies in other countries. Different types of taxes influence economies differently. This paper addresses the question of their impact on government debt. Within a framework of spatial econometric modeling, we evaluate the impact of capital, labor and consumption taxes on public debt in 34 European countries in 2002–2011, and find strong spatial spillovers. We show that a consumption tax and, to a lesser degree, a capital tax significantly affect the sovereign debt, and that the global relations play a leading role (i.e. dominate the local ones) in shaping fiscal policy.
- Is Part Of:
- Policy studies. Volume 37:Number 3(2016)
- Journal:
- Policy studies
- Issue:
- Volume 37:Number 3(2016)
- Issue Display:
- Volume 37, Issue 3 (2016)
- Year:
- 2016
- Volume:
- 37
- Issue:
- 3
- Issue Sort Value:
- 2016-0037-0003-0000
- Page Start:
- 274
- Page End:
- 293
- Publication Date:
- 2016-05-03
- Subjects:
- Fiscal integration -- spatial spillovers -- budget deficit -- public debt -- tax mix -- spatial clusters' interactions
C21 -- H21 -- H63
Policy sciences -- Periodicals
Great Britain -- Economic policy -- Decision making -- Periodicals
Great Britain -- Politics and government -- 1945- -- Decision making -- Periodicals
320.605 - Journal URLs:
- http://www.tandfonline.com/toc/cpos20/current ↗
http://www.tandfonline.com/ ↗ - DOI:
- 10.1080/01442872.2016.1146246 ↗
- Languages:
- English
- ISSNs:
- 0144-2872
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 6543.328900
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 78.xml