Essays on tax policy, institutions, and output

K. Ji

Research output: ThesisDoctoral ThesisScientific

515 Downloads (Pure)

Abstract

This thesis first examines the interplay among natural resources, the institutions and economic growth, and then deals with the effects of tax policies, with a special focus on the effects of flat income taxes and legislated tax changes. Chapter 2 focuses on the interplay among resource abundance, institutional quality, and economic growth in China, using two different measures of resource abundance, and employs various econometric approaches including a panel-data time-varying coefficient model. Chapter 3 studies which factors have determined the adoption of fl at income taxes and whether these taxes have been effective in raising revenue. On the basis of a panel dataset, an adoption equation and a revenue equation is estimated separately. Chapter 4 empirically investigates the behavior of the credit spread over the business cycle, and studies the relationship between the fiscal stimulus and the credit spread. This chapter first uses a structural vector autoregressive (SVAR) model. To avoid omitted variable bias and limited information in SVAR model, we also use a factor augmented vector autoregressive (FAVAR) model, effectively combining the narrative and recursive approaches for identification of exogenous tax changes. To see if the U.S. experience applies in other countries, we make a comparison between the U.S. and U.K.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Magnus, J.R., Promotor
  • Cizek, Pavel, Co-promotor
Award date8 Nov 2013
Place of PublicationTilburg
Publisher
Print ISBNs9789056683689
Publication statusPublished - 2013

Fingerprint

Tax policy
Tax
Vector autoregressive model
Resources
Credit spreads
Revenue
Economic growth
Factors
Income tax
Econometrics
China
Natural resources
Business cycles
Institutional economics
Business studies
Omitted variable bias
Fiscal stimulus
Panel data
Time-varying coefficient model
Limited information

Cite this

Ji, K. (2013). Essays on tax policy, institutions, and output. Tilburg: CentER, Center for Economic Research.
Ji, K.. / Essays on tax policy, institutions, and output. Tilburg : CentER, Center for Economic Research, 2013. 135 p.
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Ji, K 2013, 'Essays on tax policy, institutions, and output', Doctor of Philosophy, Tilburg University, Tilburg.

Essays on tax policy, institutions, and output. / Ji, K.

Tilburg : CentER, Center for Economic Research, 2013. 135 p.

Research output: ThesisDoctoral ThesisScientific

TY - THES

T1 - Essays on tax policy, institutions, and output

AU - Ji, K.

PY - 2013

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N2 - This thesis first examines the interplay among natural resources, the institutions and economic growth, and then deals with the effects of tax policies, with a special focus on the effects of flat income taxes and legislated tax changes. Chapter 2 focuses on the interplay among resource abundance, institutional quality, and economic growth in China, using two different measures of resource abundance, and employs various econometric approaches including a panel-data time-varying coefficient model. Chapter 3 studies which factors have determined the adoption of fl at income taxes and whether these taxes have been effective in raising revenue. On the basis of a panel dataset, an adoption equation and a revenue equation is estimated separately. Chapter 4 empirically investigates the behavior of the credit spread over the business cycle, and studies the relationship between the fiscal stimulus and the credit spread. This chapter first uses a structural vector autoregressive (SVAR) model. To avoid omitted variable bias and limited information in SVAR model, we also use a factor augmented vector autoregressive (FAVAR) model, effectively combining the narrative and recursive approaches for identification of exogenous tax changes. To see if the U.S. experience applies in other countries, we make a comparison between the U.S. and U.K.

AB - This thesis first examines the interplay among natural resources, the institutions and economic growth, and then deals with the effects of tax policies, with a special focus on the effects of flat income taxes and legislated tax changes. Chapter 2 focuses on the interplay among resource abundance, institutional quality, and economic growth in China, using two different measures of resource abundance, and employs various econometric approaches including a panel-data time-varying coefficient model. Chapter 3 studies which factors have determined the adoption of fl at income taxes and whether these taxes have been effective in raising revenue. On the basis of a panel dataset, an adoption equation and a revenue equation is estimated separately. Chapter 4 empirically investigates the behavior of the credit spread over the business cycle, and studies the relationship between the fiscal stimulus and the credit spread. This chapter first uses a structural vector autoregressive (SVAR) model. To avoid omitted variable bias and limited information in SVAR model, we also use a factor augmented vector autoregressive (FAVAR) model, effectively combining the narrative and recursive approaches for identification of exogenous tax changes. To see if the U.S. experience applies in other countries, we make a comparison between the U.S. and U.K.

M3 - Doctoral Thesis

SN - 9789056683689

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

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Ji K. Essays on tax policy, institutions, and output. Tilburg: CentER, Center for Economic Research, 2013. 135 p. (CentER Dissertation Series).