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- handle: 10670/1.emnt95
- hal: hal-01447874
- doi: 10.1016/j.econmod.2014.10.055
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.econmod.2014.10.055
Mots-clés
Stochastic growth Tax corruption Tax evasionSujets proches
Corruption Corrupt practices Tax-dodging Tax fraud Fiscal evasion Taxation--Evasion Tax avoidance Tax delinquency Taxation, Evasion of Evasion, FiscalCiter ce document
Fred Célimène et al., « Tax evasion, tax corruption and stochastic growth », HAL-SHS : économie et finance, ID : 10.1016/j.econmod.2014.10.055
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Résumé
This paper presents a continuous time stochastic growth model to study the effects of tax evasion and tax corruption on the level and volatility of private investment and public spending that are both factors of growth. The model highlights several channels through which the mean and volatility of these variables are affected. We first stress the role of equity markets, showing that the evasion outcome for the private sector is not necessarily viewed as a burden. Equity market performs here have the same role as a policy of tax exemption. In societies in which the share of private investment in percentage of GDP is growing, in which tax cheaters usually choose to shelter the proceeds of their illegal activities from the official financial institutions, and in which the productivity of public spending is often low, tax evasion and tax corruption may contribute to the development of private capital if people find an opportunity to invest the proceeds of their illegal activities in equity markets.