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REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO.
- Source :
-
Latin American Journal of Economics . May2011, Vol. 48 Issue 1, p89-111. 23p. 14 Charts, 6 Graphs. - Publication Year :
- 2011
-
Abstract
- An inelastic tax system increases the uncertainty associated with tax revenue collection. This results in continuous short-term adjustments to maintain the stability of tax collection. In this paper, we estimate the revenue elasticity of the principal taxes in Mexico, finding a much greater elasticity than that found in previous studies. A cointegration model between the revenue and taxes is used which satisfies strong exogeneity, providing a basis for congruent and reliable projections. Using this model, the tax revenue projected for 2011 is much lower than the estimates prepared by Mexico's federal government. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 07190425
- Volume :
- 48
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Latin American Journal of Economics
- Publication Type :
- Academic Journal
- Accession number :
- 132234750
- Full Text :
- https://doi.org/10.7764/LAJE.48.1.89