THE IMPACT OF PERSONAL INCOME TAX PROGRESIVITY ON SEVERAL MACROECONOMIC INDICATORS AT EU27 LEVEL FOR 2000 - 2022 PERIOD

Alina Ailincă ()

Journal of Financial and Monetary Economics, 2023, vol. 11, issue 1, 23-33

Abstract: In the context of recent macroeconomic developments and the increasing need for financial support from the state, at the level of the European Union countries, it arise the question of a revision or even reform of public policies. Therefore, using panel data at the EU27 level, the article aims to analyze the impact of personal income tax progressivity, measured by several methods, on macroeconomic indicators such as: Taxes on individual or household income, Inflation, consumer prices, GDP growth and Investment share of GDP by institutional sectors, Unemployment rate and Annual net earnings. The results, more or less in line with expectations and economic theory, can also be particularized on specific groups of countries (e.g. countries that still have the single quota) to be able to motivate the reintroduction of progressive taxation.

Keywords: taxation; fiscal efficiency; fiscal progressivity; macroeconomic implications (search for similar items in EconPapers)
JEL-codes: E24 H21 H24 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol11i1p23-33.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:11:y:2023:i:1:p:23-33

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().