{
  "title": "Tax Composition and Growth: A Broad Cross-Country Perspective",
  "publication": "IMF Working Papers, October 25, 2012",
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  "summary": "We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Research question: relation between changes in tax composition and long-run economic growth.\n- Dataset coverage: broad cross-section of countries with different income levels.\n- Time span: 1970-2009."
    },
    {
      "heading": "Data and scope",
      "content": "- Number of countries analyzed: 69 countries with at least 20 years of observations on total tax revenue.\n  - 21 high-income\n  - 23 middle-income\n  - 25 low-income\n- Dataset claim: described as the most comprehensive and up-to-date dataset on tax composition and growth (as of the study)."
    },
    {
      "heading": "Key findings",
      "content": "- General result:\n  - Increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run.\n- More granular findings:\n  - Among income taxes, social security contributions and personal income taxes have a stronger negative association with growth than corporate income taxes.\n  - A shift from income taxes to property taxes has a strong positive association with growth.\n  - A reduction in income taxes while increasing value added and sales taxes is associated with faster growth."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subject: Consumption taxes, Income and capital gains taxes, Income tax systems, Property tax, Revenue administration, Taxes\n- Keywords: Caribbean, coefficient estimate, Consumption taxes, control variable, fiscal policy, growth, Income and capital gains taxes, Income tax systems, income-tax share, physical capital, Property tax, regression equation, structure variable, Tax composition, tax revenue, tax structure variable, trade tax, WP\n\n---\n\n Content in this bundle\n\n- Wp12257\n  - Wp12257 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp12257 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/tax-composition-and-growth-a-broad-cross-country-perspective-40067"
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    "Authors: Santiago Acosta Ormaechea",
    "Published: October 25, 2012",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781616355678.001",
    "Research question: relation between changes in tax composition and long-run economic growth.",
    "Dataset coverage: broad cross-section of countries with different income levels.",
    "Time span: 1970-2009.",
    "Number of countries analyzed: 69 countries with at least 20 years of observations on total tax revenue.",
    "Dataset claim: described as the most comprehensive and up-to-date dataset on tax composition and growth (as of the study).",
    "General result:",
    "More granular findings:",
    "Subject: Consumption taxes, Income and capital gains taxes, Income tax systems, Property tax, Revenue administration, Taxes",
    "Keywords: Caribbean, coefficient estimate, Consumption taxes, control variable, fiscal policy, growth, Income and capital gains taxes, Income tax systems, income-tax share, physical capital, Property tax, regression equation, structure variable, Tax composition, tax revenue, tax structure variable, trade tax, WP",
    "**Wp12257**"
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