01739cas a2200253 a 4500 AALejournalIMF006497 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455201211 1018-5941 BD-DhAAL BD-DhAAL Li, Kun. Tax Revenue Downturns : Anatomy and Links to Imports / Kun Li, Pablo Lopez Murphy. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We study historical tax revenue downturn episodes-where tax revenue-to-GDP ratios decline sharply-and explore the link between tax revenues and imports. We document that downturn episodes of at least 1 percentage point of GDP in one year are common. The tax types that account for these episodes are different in advanced, emerging and developing, and oil producing countries. We find that tax revenue downturns and import contractions have a statistically significant link. Finally, we show that changes in imports are a statistically significant determinant of changes in tax revenues even when controlling for changes in the output gap and in the terms of trade. Mode of access: Internet Lopez Murphy, Pablo. IMF Working Papers; Working Paper ; No. 2010/138 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/138/001.2010.issue-138-en.xml IMF e-Library