The study raises the following question: What the economic growth would have been in Italy had the observed tax structure changed at some point in time? The answer is obtaine by simulating the impact of a revenue neutral sizeable shift from personal income tax to consumption tax. The test is perfomed using a dynamic stochastic structural model in the Cowles Commission tradition. Simulation results suggest that such a tax shifting is desiderable from both a long run growth and fiscal sustainability standpoint.
Felli, E. (2017). An uchronia tale – What the economic growth would have been in Italy had the tax structure changed in the eighties”, in S. Ginebri (ed.), Italian Fiscal Policy Review 2015, Roma Tre Press, Roma 2017.. In Sergio Ginebri (a cura di), ITALIAN FISCAL POLICY REVIEW 2015 (pp. 81-108).
An uchronia tale – What the economic growth would have been in Italy had the tax structure changed in the eighties”, in S. Ginebri (ed.), Italian Fiscal Policy Review 2015, Roma Tre Press, Roma 2017.
Ernesto Felli
2017-01-01
Abstract
The study raises the following question: What the economic growth would have been in Italy had the observed tax structure changed at some point in time? The answer is obtaine by simulating the impact of a revenue neutral sizeable shift from personal income tax to consumption tax. The test is perfomed using a dynamic stochastic structural model in the Cowles Commission tradition. Simulation results suggest that such a tax shifting is desiderable from both a long run growth and fiscal sustainability standpoint.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
