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Measuring the responsiveness of income tax revenue to income growth: a review and some UK values

Author

Listed:
  • Paul Johnson

    (Institute for Fiscal Studies)

  • Peter Lambert

Abstract

The unexpectedly high outturn of tax revenues in the UK in recent years has permitted drastic revision of borrowing and taxing plans. Such unexpectedly high outturns may result from either: ii) An unexpectedly fast growth in one or more of the tax bases or ii) An underestimation of the response to income growth of one or more revenue sources. It is, therefore, obviously important for planning that the responsiveness of tax revenues to income growth be accurately measurable and known to policy makers and this paper reviews and upgrades the current state of knowledge in respect of income tax revenue responsiveness.

Suggested Citation

  • Paul Johnson & Peter Lambert, 1989. "Measuring the responsiveness of income tax revenue to income growth: a review and some UK values," Fiscal Studies, Institute for Fiscal Studies, vol. 10(4), pages 1-18, November.
    • Handle: RePEc:ifs:fistud:v:10:y:1989:i:4:p:1-18
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    Citations

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    Cited by:

    1. John Creedy & Norman Gemmell, 2003. "The Revenue Responsiveness of Income and Consumption Taxes in the UK," Manchester School, University of Manchester, vol. 71(6), pages 641-658, December.
    2. Etsusaku Shimada, 2023. "Industry-specific analysis of the impact of changes in the macroeconomic environment on corporate profits and estimation of corporate tax revenue," International Journal of Economic Policy Studies, Springer, vol. 17(1), pages 1-61, February.
    3. John Creedy & Norman Gemmell, 2004. "The Built‐In Flexibility Of Income And Consumption Taxes In New Zealand," Australian Economic Papers, Wiley Blackwell, vol. 43(4), pages 459-474, December.
    4. Ondřej Bayer, 2013. "Research of Estimates of Tax Revenue: An Overview," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2013(3), pages 59-73.
    5. Sanz Labrador, Ismael & Sanz-Sanz, José Félix, 2013. "Política fiscal y crecimiento económico: consideraciones microeconómicas y relaciones macroeconómicas," Macroeconomía del Desarrollo 5367, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. John Creedy & Norman Gemmell, 2001. "The Revenue Elasticity of Taxes in the UK," Melbourne Institute Working Paper Series wp2001n11, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    7. Creedy, John & Gemmell, Norman, 2005. "Wage growth and income tax revenue elasticities with endogenous labour supply," Economic Modelling, Elsevier, vol. 22(1), pages 21-38, January.
    8. Brima Ibrahim Baimba Kargbo & Adegbemi Festus O. Egwaikhide, 2012. "Tax Elasticity in Sierra Leone: A Time Series Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 2(4), pages 432-447.
    9. John Creedy & José Félix Sanz?Sanz, 2010. "Modelling Personal Income Taxation in Spain:Revenue Elasticities and Regional Comparisons," Department of Economics - Working Papers Series 1097, The University of Melbourne.

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