Property tax and fiscal discipline in OECD countries

Andrea Presbitero, Agnese Sacchi and Alberto Zazzaro ()

Economics Letters, 2014, vol. 124, issue 3, 428-433

Abstract: This paper investigates the effects of property taxation on fiscal discipline for a sample of OECD countries over the period 1973–2011. We find that aggregate property taxation in total tax revenues is not statistically correlated with the primary surplus-to-GDP ratio. In contrast, a greater reliance on property taxes pertaining to sub-national governments contributes to fiscal discipline, suggesting that fiscal decentralization should favor responsive tax base instruments.

Keywords: Property tax; Tax decentralization; Sub-national governments; Fiscal imbalance (search for similar items in EconPapers)
JEL-codes: E62 H62 H71 H77 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (20)

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Working Paper: Property Tax and Fiscal Discipline in OECD Countries (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:124:y:2014:i:3:p:428-433

DOI: 10.1016/j.econlet.2014.06.027

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