IDEAS home Printed from https://ideas.repec.org/a/vls/rojfme/v11y2023i1p23-33.html
   My bibliography  Save this article

The Impact Of Personal Income Tax Progresivity On Several Macroeconomic Indicators At Eu27 Level For 2000 - 2022 Period

Author

Listed:
  • AILINCA, Alina Georgeta

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

In the context of recent macroeconomic developments and the increasing need for financial support from the state, at the level of the European Union countries, it arise the question of a revision or even reform of public policies. Therefore, using panel data at the EU27 level, the article aims to analyze the impact of personal income tax progressivity, measured by several methods, on macroeconomic indicators such as: Taxes on individual or household income, Inflation, consumer prices, GDP growth and Investment share of GDP by institutional sectors, Unemployment rate and Annual net earnings. The results, more or less in line with expectations and economic theory, can also be particularized on specific groups of countries (e.g. countries that still have the single quota) to be able to motivate the reintroduction of progressive taxation.

Suggested Citation

  • AILINCA, Alina Georgeta, 2023. "The Impact Of Personal Income Tax Progresivity On Several Macroeconomic Indicators At Eu27 Level For 2000 - 2022 Period," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 11(1), pages 23-33, October.
    • Handle: RePEc:vls:rojfme:v:11:y:2023:i:1:p:23-33
    as

    Download full text from publisher

    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol11i1p23-33.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    taxation; fiscal efficiency; fiscal progressivity; macroeconomic implications;
    All these keywords.

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:rojfme:v:11:y:2023:i:1:p:23-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Mateescu (email available below). General contact details of provider: https://edirc.repec.org/data/cfiarro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.