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1 mai 2011
- handle: 10670/1.muywgu
Ce document est lié à :
10.4067/S0719-04332011000100004
info:eu-repo/semantics/openAccess
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Felipe J Fonseca et al., « REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO », Latin American Journal of Economics, ID : 10670/1.muywgu
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Résumé
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.