About: Consumer demand system estimation and value added tax reforms in the Czech Republic

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

Attributes	Values
rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	http://journal.fsv.cuni.cz/storage/1301_jansky.pdf
Description	The value added tax (VAT) rates have recently changed in the Czech Republic, and in this paper I simulate the impact of these reforms. They are an example of changes in indirect taxes that change the prices of goods and services, to which households can respond by adjusting their expenditures. I first estimate the behavioral response of consumers to price changes in the Czech Republic by applying a consumer demand model of the Quadratic Almost Ideal Demand System (QUAIDS) on the basis of the Czech Statistical Office household expenditure and price data for the period from 2001 to 2011. I derive estimates of own- and cross-price and income elasticities for individual households. I then use these elasticities to estimate the impact of the changes in VAT rates that were proposed or implemented between 2011 and 2013 on households’ quantity demanded and government revenues. One of the main findings is that the estimated increases in govern-ment revenues that take the consumer responses into account are more than a quarter lower than the estimates that use the static simulation. The value added tax (VAT) rates have recently changed in the Czech Republic, and in this paper I simulate the impact of these reforms. They are an example of changes in indirect taxes that change the prices of goods and services, to which households can respond by adjusting their expenditures. I first estimate the behavioral response of consumers to price changes in the Czech Republic by applying a consumer demand model of the Quadratic Almost Ideal Demand System (QUAIDS) on the basis of the Czech Statistical Office household expenditure and price data for the period from 2001 to 2011. I derive estimates of own- and cross-price and income elasticities for individual households. I then use these elasticities to estimate the impact of the changes in VAT rates that were proposed or implemented between 2011 and 2013 on households’ quantity demanded and government revenues. One of the main findings is that the estimated increases in govern-ment revenues that take the consumer responses into account are more than a quarter lower than the estimates that use the static simulation. (en)
Title	Consumer demand system estimation and value added tax reforms in the Czech Republic Consumer demand system estimation and value added tax reforms in the Czech Republic (en)
skos:prefLabel	Consumer demand system estimation and value added tax reforms in the Czech Republic Consumer demand system estimation and value added tax reforms in the Czech Republic (en)
skos:notation	RIV/67985998:_____/14:00429475!RIV15-TA0-67985998
http://linked.open...avai/riv/aktivita	I P
http://linked.open...avai/riv/aktivity	I, P(GAP403/10/1235), P(TD010033)
http://linked.open...iv/cisloPeriodika	3
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Janský, Petr
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Národohospodářský ústav AV ČR, v. v. i.
http://linked.open...dnocenehoVysledku	8732
http://linked.open...ai/riv/idVysledku	RIV/67985998:_____/14:00429475
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	consumer behavior; Quadratic Almost Ideal Demand System; tax reforms (en)
http://linked.open.../riv/klicoveSlovo	consumer behavior tax reforms Quadratic Almost Ideal Demand System
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[0E2CF0DC22DE]
http://linked.open...i/riv/nazevZdroje	Finance a úvěr-Czech Journal of Economics and Finance
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Model for empirical evaluation and prediction of effects of tax policy changes. Institutional Responses to Financial Market Failures
http://linked.open...UplatneniVysledku	2014
http://linked.open...v/svazekPeriodika	64
http://linked.open...iv/tvurceVysledku	Janský, Petr
http://linked.open...ain/vavai/riv/wos	000338186400004
issn	0015-1920
number of pages	28 (xsd:int)

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