The constant increase in public sector spending in the advanced economies, increases pressure on the revenue side of public budgets. The primary sources of public budgets are taxes. This raises a question of what type of tax instrument to choose in respect to meet the high efficiency in sourcing public budgets restriction and at the same time, to minimize the negative impact on the private sector and households. As generally effective tax is considered a consumption tax. But what is the real effect of this tax in the short run and long run? The aim of this thesis is to analyze the influence of value -- added tax (VAT) on household expendictures in the short and long run. At first I provide empirical test of the short-term effect of VAT on household spending using quarter panel data for Visegrad fore countries, as I am focused mostly on the Czech Republic and Slovakia. Then construct a broader set of data for 14 EU countries, in purpose to test the long-term effect. For testing, I use several estimation techniques for panel data, taking into account the dynamic nature of these data sets.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:192353 |
| Date | January 2014 |
| Creators | Čížek, Pavel |
| Contributors | Janíčko, Martin, Chytilová, Helena |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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