State and Local Property, Income, and Sales Tax Elasticity: Estimates from Dynamic Heterogeneous Panels
John Anderson () and
Shafiun Shimul ()
National Tax Journal, 2018, vol. 71, issue 3, 521-546
We estimate the responsiveness of state and local property, income, and sales tax revenues to state gross domestic product (GDP) changes using U.S. Census data over the period 1967-2012. Long-run and short-run elasticities are estimated using panel time series methods designed for dynamic heterogeneous panels (Mean Group (MG), Pooled Mean Group (PMG), and Dynamic Fixed Effects (DFE) estimators). These methods enable us to estimate substantial heterogeneity in elasticities for each major revenue source across states. For property tax systems, in particular, we analyze the tax administration and tax limitation factors that contribute to the observed stability and resilience of that major local government revenue source.
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Access is restricted to subscribers and members of the National Tax Association.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:71:y:2018:i:2:p:521-546
Access Statistics for this article
National Tax Journal is currently edited by Stacy Dickert-Conlin and William M. Gentry
More articles in National Tax Journal from National Tax Association, National Tax Journal Contact information at EDIRC.
Bibliographic data for series maintained by The University of Chicago Press ().