Seminar Crenos and Dipartimento di Scienze Economiche e Aziendali - Agnese SACCHI

Date
09/05/2014 - 14:30 to 16:30
Information
Aula Magna della ex-Facoltà di Economia
Viale Sant'Ignazio 74, Cagliari

Presentation of the paper:

Property tax and fiscal discipline in OECD countries (con Andrea Presbitero e Alberto Zazzaro)

Speaker

Agnese Sacchi 

Universitas Mercatorum

Abstract

This paper investigates the effects of property taxation on fiscal discipline for a sample of OECD countries over the period 1973-2011. We find that aggregate property taxation in total tax revenues is not statistically correlated with the primary surplus-to-GDP ratio. In contrast, a greater reliance on property taxes pertaining to sub-national governments contributes to fiscal discipline, suggesting that fiscal decentralization should favor responsive tax base instruments.