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Structural tax reforms and public spending efficiency
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Orientador(es)
Resumo(s)
We empirically assess the effects of structural tax reforms on government spending
efficiency in a sample of 18 OECD economies over the period 2006–2017. After calculating
input spending efficiency scores, we evaluate in a panel setup the relevance
for public sector efficiency of narrative tax changes. We find that: i) input efficiency
scores average around 0.6–07; ii) increases in tax rates, primarily for PIT, negatively
affect public sector efficiency; iii) controlling for endogeneity, increases in tax rates
are still associated with lower public sector efficiency, mainly for PIT and increases
in tax bases improve public sector efficiency; vi) in expansionary periods, increasing
the CIT base and reducing PIT rates, positively affect public sector efficiency; ix) in
contrast, during recessions efficiency improves when PIT and VAT bases increase
and the CIT rate increases.
Descrição
Palavras-chave
Government Spending Efficiency Tax Reforms Data Envelopment Analysis Non-Parametric Estimation Panel Data Political Economy
Contexto Educativo
Citação
Afonso, António; João Tovar Jalles and Ana Venâncio. (2021). "Structural tax reforms and public spending efficiency." Open Economies Review, Vol. 32, No. 5: pp. 1017-1061.
Editora
Springer Nature