Optimal taxation and budget deficits: Evidence for the EU's New Member States
The tax smoothing hypothesis (TSH) is tested for the New Member States of the European Union. Our results show that the TSH holds for five countries, the introduction of the Maastricht 3%-deficit rule, however, had very little effect with regard to the validity of the TSH.
Volume (Year): 31 (2011)
Issue (Month): 3 ()
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