The Laffer curve: Between the Economic Theory and Economic Reality

Petko Miran

Economy and Economic Theory: Problems and Interactions, Conference Proceedings 2017, 2017, issue 1, 195-205

Abstract: At the end of the 70s and the beginning of the 80s the Laffer hypothesis quickly gained popularity not only in policymaking, but also in the economic theory. The main reasons for that are that it sounds logical and is easily understood even by the common people. The empirical data, though, as well as the deeper analysis do not provide much support for the hypothesis. A new hypothesis is proposed here, which might be closer to the real economy.

Keywords: Laffer curve; tax rate; tax revenue (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vra:pr1712:y:2017:i:1:p:195-205

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