01651cas a2200241 a 4500 AALejournalIMF011400 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463925253 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Lithuania : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (39 pages) IMF Staff Country Reports <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 This Selected Issues Paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle. Both methods confirm that tax elasticities moved with the cycle, which can be attributed to the procyclical tax compliance tendencies and structural composition effects across tax bases. The results of the study emphasize the importance of accounting for cyclical variation in tax elasticities when making short-term tax revenue projections. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/327 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/327/002.2011.issue-327-en.xml IMF e-Library