How Sensitive is Irish Income Tax Revenue to Underlying Economic Activity?

Yota Deli (), Derek Lambert, Martina Lawless, Kieran McQuinn and Edgar Morgenroth

The Economic and Social Review, 2017, vol. 48, issue 3, 317-336

Abstract: In this paper we examine the elasticity of Irish personal income taxation revenue with respect to aggregate national output – both GDP and GNP. This enables us to estimate the sensitivity of this key taxation aggregate with respect to changes in economic activity. Understanding the elasticity of the different taxation components vis-à-vis their underlying economic activity should enable policymakers to place the public finances on a more sustainable footing and hence avoid the sharp booms and busts that have characterised Irish taxation receipts over the past 20 years.

Keywords: income tax; Ireland (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Working Paper: How Sensitive is Irish Income Tax Revenue to Underlying Economic Activity? (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eso:journl:v:48:y:2017:i:3:p:317-336

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