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Government Exactions and Revenue Deficiencies

Author

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  • Arthur B. Laffer

Abstract

The proposition that increases in tax rates discourage market- sector production and may therefore, beyond a certain level, be counterproductive in raising tax revenue is an old issue in the eco- nomic literature. Its recent revival has generated considerable con- troversy and interest among both economists and policy makers. The resolution of this controversy depends on identifying the em- pirical relationship between changes in tax rates and changes in economic activity and, hence, in tax revenue. As yet, however, this relationship has been the subject of little systematic empirical analysis....

Suggested Citation

  • Arthur B. Laffer, 1981. "Government Exactions and Revenue Deficiencies," Cato Journal, Cato Journal, Cato Institute, vol. 1(1), pages 1-21, Spring.
    • Handle: RePEc:cto:journl:v:1:y:1981:i:1:p:1-21
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    Citations

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    Cited by:

    1. Hsing, Yu, 1996. "Estimating the laffer curve and policy implications," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 25(3), pages 395-401.
    2. Aleksandar Vasilev, 2015. "Macroeconomic Effects of Public-Sector Unions," LABOUR, CEIS, vol. 29(2), pages 101-126, June.
    3. Gradus, R.H.J.M., 1989. "Optimal dynamic taxation, saving and investment," Research Memorandum FEW 400, Tilburg University, School of Economics and Management.
    4. Tchai Tavor & Limor Dina Gonen & Uriel Spiegel, 2022. "The Double-Peaked Shape of the Laffer Curve in the Case of the Inverted S-Shaped Labor Supply Curve," Mathematics, MDPI, vol. 10(6), pages 1-19, March.
    5. Komlos John, 2019. "Reaganomics: A Watershed Moment on the Road to Trumpism," The Economists' Voice, De Gruyter, vol. 16(1), pages 1-21, December.
    6. Stanisław Cichocki & Ryszard Kokoszczyński, 2016. "The evolution of the Laffer curve as a framework for studying tax evasion: from simple theoretical to DSGE models," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 45.
    7. Roger Middleton, 2010. "The Laffer Curve," Chapters, in: Mark Blaug & Peter Lloyd (ed.), Famous Figures and Diagrams in Economics, chapter 54, Edward Elgar Publishing.
    8. Bogusław Guzik, 2007. "Indirect tax revenue curves-consumer demand models point of view. Particular case: asymptotic zero demand models," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 17(1), pages 29-43.
    9. Martin Feldstein, 1994. "American Economic Policy in the 1980s: A Personal View," NBER Chapters, in: American Economic Policy in the 1980s, pages 1-80, National Bureau of Economic Research, Inc.
    10. David R. Henderson, 1989. "Are We All Supply‐Siders Now?," Contemporary Economic Policy, Western Economic Association International, vol. 7(4), pages 116-128, October.
    11. Fernández-de-Córdoba, Gonzalo & Torres, José L., 2012. "Fiscal harmonization in the European Union with public inputs," Economic Modelling, Elsevier, vol. 29(5), pages 2024-2034.
    12. Janusz Jabłonowski, 2018. "Implications of Transitory and Permanent Changes in Tax Rates for Poland," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 73-97.
    13. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 54, September.
    14. Nicholas Apergis, 2015. "Labor Income Tax and Output in a Panel of Central and Eastern European Countries: A Long-Run Perspective," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 21(1), pages 1-12, March.
    15. repec:kap:iaecre:v:21:y:2015:i:1:p:1-12 is not listed on IDEAS
    16. John Komlos, 2019. "Reaganomics: una línea divisoria," Tiempo y Economía, Universidad de Bogotá Jorge Tadeo Lozano, vol. 6(1), pages 47-76, February.
    17. Celso Jose Costa Junior, 2016. "Understanding DSGE models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 1, number 70, September.
    18. S. N. Alpysbaeva & G. V. Stroeva & Sh. Zh. Shuneev & A. A. Bakdolotov, 2020. "Transition to the Progressive Scale of Individual Income Tax in Kazakhstan: Opportunities and Limitations," Studies on Russian Economic Development, Springer, vol. 31(1), pages 120-127, January.
    19. Gradus, R.H.J.M., 1990. "Optimal dynamic profit taxation : The derivation of feedback Stackelberg equilibria," Research Memorandum FEW 434, Tilburg University, School of Economics and Management.
    20. John Komlos, 2018. "Reaganomics: A Historical Watershed," CESifo Working Paper Series 7301, CESifo.
    21. DJINKPO, Medard, 2019. "A DSGE model for Fiscal Policy Analysis in The Gambia," MPRA Paper 97874, University Library of Munich, Germany, revised 30 Dec 2019.
    22. Andrew Leigh, 2007. "Taxpaying Made Easy," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 14(1), pages 81-86.
    23. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition, Paperback]," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 44.

    More about this item

    Keywords

    Government; taxation; revenue; tax cuts;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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