Fiche du document
2012
- handle: 10670/1.r4104k
- halshs: halshs-00760272
- doi: 10.1007/s10797-011-9189-5
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1007/s10797-011-9189-5
Mots-clés
Fiscal deficits tax revenue budgeting errors Swiss cantons simultaneous equations model with panel data C - Mathematical and Quantitative Methods/C.C1 - Econometric and Statistical Methods and Methodology: General/C.C1.C12 - Hypothesis Testing: General C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables/C.C3.C33 - Panel Data Models • Spatio-temporal Models H - Public Economics/H.H7 - State and Local Government • Intergovernmental Relations/H.H7.H71 - State and Local Taxation, Subsidies, and Revenue H - Public Economics/H.H7 - State and Local Government • Intergovernmental Relations/H.H7.H72 - State and Local Budget and ExpendituresSujets proches
Government revenue Public revenueCiter ce document
Florian Chatagny et al., « The effect of tax revenue budgeting errors on fiscal balance: evidence from the Swiss cantons », HAL-SHS : économie et finance, ID : 10.1007/s10797-011-9189-5
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Résumé
This study is an empirical analysis of the impact of direct tax revenue budgeting errors on fiscal deficits. Using panel data from 26 Swiss cantons between 1980 and 2002, we estimate a single equation model on the fiscal balance, as well as a simultaneous equation model on revenue and expenditure.We use new data on budgeted and actual tax revenue to show that underestimating tax revenue significantly reduces fiscal deficits. Furthermore, we show that this effect is channeled through decreased expenditure. The effects of over and underestimation turn out to be symmetric.