By using static and dynamic panel data techniques, this paper analyses the impact of economic, structural, institutional and social factors on tax revenue, across 34 countries from the Organisation for Economic Co-operation and Development, over the period 2001-2011. The results show that gross domestic product per capita, the industrial sector, and civil liberties have positive impact on the dependent variable, while the agricultural sector and the share of foreign direct investment in gross fixed capital formation have negative impact. The lagged value of the dependent variable enters positively in the equation and its effect is larger in high income countries. We also encounter tax effort and tax gap and find that they are stable over time but diverse across countries regardless the level of development of the economies.
|Original language||American English|
|Number of pages||29|
|Journal||Contaduria y Administracion|
|State||Published - 1 Jan 2014|