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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. 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, November.
    2. 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.
    3. 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.
    4. Aleksandar Vasilev, 2015. "Macroeconomic Effects of Public-Sector Unions," LABOUR, CEIS, vol. 29(2), pages 101-126, June.
    5. repec:kap:iaecre:v:21:y:2015:i:1:p:1-12 is not listed on IDEAS
    6. repec:col:000485:017225 is not listed on IDEAS
    7. Celso Jose Costa Junior, 2016. "Understanding DSGE models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 1, number 70, November.
    8. 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.
    9. John Komlos, 2018. "Reaganomics: A Historical Watershed," CESifo Working Paper Series 7301, CESifo Group Munich.
    10. Roger Middleton, 2010. "The Laffer Curve," Chapters, in: Mark Blaug & Peter Lloyd (ed.), Famous Figures and Diagrams in Economics, chapter 54, Edward Elgar Publishing.
    11. Gradus, R.H.J.M., 1989. "Optimal dynamic taxation, saving and investment," Research Memorandum FEW 400, Tilburg University, School of Economics and Management.
    12. Boguslaw 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 Technology, Institute of Organization and Management, vol. 1, pages 29-43.
    13. 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.
    14. 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.
    15. 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.
    16. 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.
    17. David R. Henderson, 1989. "Are We All Supply‐Siders Now?," Contemporary Economic Policy, Western Economic Association International, vol. 7(4), pages 116-128, October.
    18. 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.
    19. repec:sgh:gosnar:y:2018:i:2:p:73-97 is not listed on IDEAS

    More about this item

    Keywords

    Government; taxation; revenue; tax cuts;

    JEL classification:

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

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