Tax Rates Impact on GDP in Poland

• Autorzy: Piotr Krajewski
• Języki publikacji: EN

Abstrakty

EN

In the article tax rates impact on GDP in Poland is analysed. The analysis is based on dynamic stochastic general equilibrium model (DSGE model). Impulse- response analysis shows that the increase in income tax rate causes the decrease in capital, labour and production. Moreover capital is partially replaced by consumption, because households minimise consumption fluctuations. The comparison of effects of increasing taxation of the capital and labour shows that the impact on economy is stronger in case of wage taxes. Consumption taxes, by negative wealth effect, decrease after-tax consumption and capital but on the other hand increase labour and production. The direction of impact of consumption taxes on production is in this case opposite than in demand models. (original abstract)

Słowa kluczowe

EN

Taxes; Tax policy; Tax rates; Gross domestic product (GDP); Dynamic Stochastic General Equilibrium (DSGE)

PL

Podatki; Polityka podatkowa; Stawki podatkowe; Produkt krajowy brutto (PKB); Model dynamicznej stochastycznej równowagi ogólnej

• Czasopismo: Equilibrium
• Rocznik: 2012
• Tom: 7
• Numer: nr 3
• Strony: 27--42

Twórcy

autor

Piotr Krajewski

• University of Lodz, Poland

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