01864cas a2200253 a 4500 AALejournalIMF017359 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475569797 1018-5941 BD-DhAAL BD-DhAAL Dudine, Paolo. How Buoyant is the Tax System? : New Evidence from a Large Heterogeneous Panel / Paolo Dudine, Joao Tovar Jalles. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (33 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 In this paper we provide short- and long-run tax buoyancy estimates for 107 countries (distributed between advanced, emerging and low-income) for the period 1980-2014. By means of Fully-Modified OLS and (Pooled) Mean Group estimators, we find that: i) for advanced economies both long-run and short-run buoyancies are not different from one; ii) long run tax buoyancy exceeds one in the case of CIT for advanced economies, PIT and SSC in emerging markets, and TGS for low income countries, iii) in advanced countries (emerging market economies) CIT (CIT and TGS) buoyancy is larger during contractions than during times of economic expansions; iv) both trade openness and human capital increase buoyancy while inflation and output volatility decrease it. Mode of access: Internet Jalles, Joao Tovar. IMF Working Papers; Working Paper ; No. 2017/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/004/001.2017.issue-004-en.xml IMF e-Library