Non-tax revenue in the European Union: A source of fiscal risk?
Gilles Mourre () and
Adriana Reut ()
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Adriana Reut: European Commission
International Tax and Public Finance, 2019, vol. 26, issue 1, 198-223
Abstract Despite its relevance for fiscal policy, non-tax revenue is only defined by exclusion and it is an area that has been scarcely studied for developed economies. This study is an attempt to provide an analysis of this relevant component of government revenue, using comparable national accounts data. It assesses the size, composition and volatility of non-tax revenue in the European Union, and it explores, by means of panel data analysis, whether macroeconomic and fiscal conditions can explain the observed heterogeneity in non-tax revenue across the Member States. We also find that the relative variability of non-tax revenue is around three times higher than that of tax revenue, being a significant source of fiscal risk that is often overlooked.
Keywords: Fiscal policy risk; Government revenue; European Union (search for similar items in EconPapers)
JEL-codes: E62 H27 (search for similar items in EconPapers)
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Working Paper: Non-Tax Revenue in the European Union: A Source of Fiscal Risk? (2017)
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