PL EN


2005 | 1 | 49-76
Article title

The Influence of Business Cycle Phase on Budgetary Revenues from Personal Income Tax

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The article takes up the issue of sensitivity of public revenue originating from personal income tax (PIT) proceeds to fluctuations in macroeconomic prosperity. Short term elasticities in separate components of PIT were arrived at via the study of output fluctuations' impact on the tax assessment base. The results of the analysis suggest that short term elasticity of budgetary revenue from PIT is higher than one (during 1995-2003 it amounted, on the average, to 1.23). This implies that changes in PIT inflows are relatively greater than fluctuations in GDP. Higher short term elasticity in PIT revenues in relation to GDP also signifies that during expansion phase public finances should enjoy a marked increase in revenues derived from PIT collection.
Year
Issue
1
Pages
49-76
Physical description
Document type
ARTICLE
Contributors
author
  • P. Krajewski, Uniwersytet Lodzki, Instytut Ekonomii, ul. Polskiej Organizacji Wojskowej 3/5, 90-255 Lodz, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
05PLAAAA0026583
YADDA identifier
bwmeta1.element.0d2cbf6b-d1d9-3b7d-b8fc-4165beba80e6
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