This paper complements the relatively few existing studies on the macroeconomic effects of poverty in developing countries, by investigating the effect of poverty volatility on tax revenue instability. The empirical a...This paper complements the relatively few existing studies on the macroeconomic effects of poverty in developing countries, by investigating the effect of poverty volatility on tax revenue instability. The empirical analysis has been conducted using an unbalanced panel dataset of 97 developing countries covering the period of 1980–2017 and primarily the two-step system generalized method of moments estimator. Findings have revealed that least developed countries tend to experience a positive tax revenue instability effect of poverty volatility, while poverty volatility results in lower tax revenue instability in relatively advanced countries. Additionally, poverty volatility dampens the instability of tax revenue when poverty rates are low, and enhances it when countries face a greater extent of external shocks. From a policy perspective, this analysis shows that it would be essential for policymakers to dampen the volatility of poverty rates (notably in countries with high poverty rates) if they were to ensure the stability of tax revenue or reduce its instability, given the adverse effect of tax revenue instability on economic growth.展开更多
This paper uses regression analysis and econometric modeling foundations to track public expenditures in the Slovak Republic and the Czech Republic （Fejesova, 2011） and their influences on the development of the fol...This paper uses regression analysis and econometric modeling foundations to track public expenditures in the Slovak Republic and the Czech Republic （Fejesova, 2011） and their influences on the development of the following two targets of the Europe 2020 Strategy： to increase the employment of the selected population groups to a predetermined percentage level and to reduce the number of people at risk of poverty. In addition to the selection of monitored indicators, we included other indicators from the social sphere, which are funded by mandatory national public expenditure budgets and which are expected to have a positive development in terms of improving the demographic structure of the country--the unemployment rate and the number of live births.展开更多
文摘This paper complements the relatively few existing studies on the macroeconomic effects of poverty in developing countries, by investigating the effect of poverty volatility on tax revenue instability. The empirical analysis has been conducted using an unbalanced panel dataset of 97 developing countries covering the period of 1980–2017 and primarily the two-step system generalized method of moments estimator. Findings have revealed that least developed countries tend to experience a positive tax revenue instability effect of poverty volatility, while poverty volatility results in lower tax revenue instability in relatively advanced countries. Additionally, poverty volatility dampens the instability of tax revenue when poverty rates are low, and enhances it when countries face a greater extent of external shocks. From a policy perspective, this analysis shows that it would be essential for policymakers to dampen the volatility of poverty rates (notably in countries with high poverty rates) if they were to ensure the stability of tax revenue or reduce its instability, given the adverse effect of tax revenue instability on economic growth.
文摘This paper uses regression analysis and econometric modeling foundations to track public expenditures in the Slovak Republic and the Czech Republic （Fejesova, 2011） and their influences on the development of the following two targets of the Europe 2020 Strategy： to increase the employment of the selected population groups to a predetermined percentage level and to reduce the number of people at risk of poverty. In addition to the selection of monitored indicators, we included other indicators from the social sphere, which are funded by mandatory national public expenditure budgets and which are expected to have a positive development in terms of improving the demographic structure of the country--the unemployment rate and the number of live births.
