REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO

An inelastic tax system increases the uncertainty associated with tax revenue collection. This results in continuous short-term adjustments to maintain the stability of tax collection. In this paper, we estimate the revenue elasticity of the principal taxes in Mexico, finding a much greater elastici...

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Autores principales:	Fonseca,Felipe J, Ventosa-Santaularia,Daniel
Lenguaje:	English
Publicado:	Pontificia Universidad Católica de Chile. Instituto de Economía. 2011
Materias:	Federal taxes long-term revenue elasticity cointegration strong exogeneity forecasts
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000100004
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spelling	oai:scielo:S0719-043320110001000042012-05-29REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICOFonseca,Felipe JVentosa-Santaularia,Daniel Federal taxes long-term revenue elasticity cointegration strong exogeneity forecasts An inelastic tax system increases the uncertainty associated with tax revenue collection. This results in continuous short-term adjustments to maintain the stability of tax collection. In this paper, we estimate the revenue elasticity of the principal taxes in Mexico, finding a much greater elasticity than that found in previous studies. A cointegration model between the revenue and taxes is used which satisfies strong exogeneity, providing a basis for congruent and reliable projections. Using this model, the tax revenue projected for 2011 is much lower than the estimates prepared by Mexico's federal government.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.48 n.1 20112011-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000100004en10.4067/S0719-04332011000100004
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Federal taxes long-term revenue elasticity cointegration strong exogeneity forecasts
spellingShingle	Federal taxes long-term revenue elasticity cointegration strong exogeneity forecasts Fonseca,Felipe J Ventosa-Santaularia,Daniel REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO
description	An inelastic tax system increases the uncertainty associated with tax revenue collection. This results in continuous short-term adjustments to maintain the stability of tax collection. In this paper, we estimate the revenue elasticity of the principal taxes in Mexico, finding a much greater elasticity than that found in previous studies. A cointegration model between the revenue and taxes is used which satisfies strong exogeneity, providing a basis for congruent and reliable projections. Using this model, the tax revenue projected for 2011 is much lower than the estimates prepared by Mexico's federal government.
author	Fonseca,Felipe J Ventosa-Santaularia,Daniel
author_facet	Fonseca,Felipe J Ventosa-Santaularia,Daniel
author_sort	Fonseca,Felipe J
title	REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO
title_short	REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO
title_full	REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO
title_fullStr	REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO
title_full_unstemmed	REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO
title_sort	revenue elasticity of the main federal taxes in mexico
publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate	2011
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332011000100004
work_keys_str_mv	AT fonsecafelipej revenueelasticityofthemainfederaltaxesinmexico AT ventosasantaulariadaniel revenueelasticityofthemainfederaltaxesinmexico
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REVENUE ELASTICITY OF THE MAIN FEDERAL TAXES IN MEXICO

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