TY  - BOOK
AU  - Li,Kun
AU  - Lopez Murphy,Pablo
TI  - Tax Revenue Downturns: Anatomy and Links to Imports 
T2  - IMF Working Papers; Working Paper
SN  - 1455201219 :
SN  - 1018-5941
PY  - 2010///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Downturns
KW  - imf
KW  - Fiscal Policy
KW  - Scope
KW  - Structure
KW  - Subsidies
KW  - Tax Bases
KW  - Bhutan
KW  - Bulgaria
KW  - France
KW  - Spain
KW  - Sri Lanka
N2  - We study historical tax revenue downturn episodes-where tax revenue-to-GDP ratios decline sharply-and explore the link between tax revenues and imports. We document that downturn episodes of at least 1 percentage point of GDP in one year are common. The tax types that account for these episodes are different in advanced, emerging and developing, and oil producing countries. We find that tax revenue downturns and import contractions have a statistically significant link. Finally, we show that changes in imports are a statistically significant determinant of changes in tax revenues even when controlling for changes in the output gap and in the terms of trade
UR  - http://elibrary.imf.org/view/IMF001/11003-9781455201211/11003-9781455201211/11003-9781455201211.xml
UR  - http://www.imfbookstore.org/IMFORG/9781455201211
ER  -