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  • Tax revenue patterns in some new EU member states : do tax revenues converge?
    Dolenc, Primož, 1976- ...
    The aim of this paper is to estimate the persistence of divergences in the shares of tax revenue in members of the EU. We aim to find whether tax revenues in EU-27 converge to a common trend and ... establish whether there are differences between EU countries that already adopted euro (EA-16) and the ones that did not. We employ panel time-series method, which is becoming widely used for studying the patterns in macroeconomic indicators. We are ableon a basis of panel unit root test to reject unit roots for VAT as a sharein GDP. On the other hand, unit root has not been confirmed for SSC, therefore we cannot argue that unit root is not present and thus the interpretation regarding the flexibility of fiscal policy regarding SSC in these countries remains unclear. The results of our analysis allow us to conclude that fiscal policy in EU member states is somehow flexible as long as VAT is concerned, which implies that VAT could effectively serve as an instrument for economic adjustment. This cannot be concludes for SSC.
    Type of material - conference contribution ; adult, serious
    Publish date - 2010
    Language - english
    COBISS.SI-ID - 3592663