Tax Buoyancy, Tax Elasticity & a Revenue Forecast
This lesson is part of the course
In this lesson
You measure how strongly Valdoria's tax revenue responds to GDP growth, strip out the effect of new tax measures to get the elasticity, and forecast revenue for three years.
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Lessons in this course
- Government Revenue & Spending by Category, as % of GDP Locked
- Primary vs Overall Budget Balance Locked
- Debt Dynamics: d(t) = d(t−1)·(1+r)/(1+g) − pb Locked
- The Debt-Stabilising Primary Surplus Locked
- Progressive Income Tax: Marginal vs Average Rates with a Bracket Table Locked
- Tax Buoyancy, Tax Elasticity & a Revenue Forecast Locked
- Public Investment Appraisal: Social NPV & the Discount Rate Locked
- Budget Variance Analysis & a Fiscal Rules Check Locked