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Estimating Tax Revenue Elasticities in Slovakia
Ďurovčíková, Edita ; Havránek, Tomáš (advisor) ; Janský, Petr (referee)
1 Abstract To study the effect a change in a tax base has on the corresponding tax revenue is a useful tool to better predict future tax revenues. This property is called a tax revenue elasticity but generally it does not get as much attention as it deserves, and when it does, key points like using data adjusted for the effects of tax reforms or distinguishing between the short-run (instantaneous) and the long-run (equilibrium) elasticity are often omitted. In my thesis, I am the first one to estimate the tax revenue elasticities for Slovakia. I use a unique dataset adjusted for the effects of tax reforms and tax changes to estimate both the short-run and the long-run elasticities for the three tax categories th at account for the majority of each year's tax revenue - Personal Income Tax, Corporate Income Tax and Value Added Tax. I obtain a long-run elasticity of 0.98, 1.28 and 0.94 for the Personal Income Tax, the Corporate Income Tax and the Value Added Tax respectively and a short-run elasticity of 3.51 and 1.93 for the Corporate Income Tax and the Value Added Tax respectively. I do not obtain a significant estimate in the case of the Personal Income Tax. Additionally, I find that it takes more than a year for the elasticity to reach its equilibrium value for all the three tax categories and that there...
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Comparison of progress in information processing after a term of studies of mathematical and non-mathematical programs
Ďurovčíková, Edita ; Chytilová, Julie (advisor) ; Korbel, Václav (referee)
If we follow the rules of neoclassical microeconomics, the way the information is told to individuals should not matter. But the research has been showing that this does matter. In my bachelor thesis, I firstly introduce the term behavioral economics and describe some of the effects which influence information processing of individuals. In the second part of my thesis I present the main part of my bachelor thesis - detailed description of my research where I try to answer the main question: Is there a significant difference in progress in information processing between mathematicians and non-mathematicians after a term of studies? I also study the initial difference between mathematicians and non-mathematicians and correlation of their progress and other important factors like gender, GPA and an interest in the studied program. I observe a significant difference in progress in 2 out of 7 studied effects, however, correlation with other variables is very limited by a short-time studied period. Keywords behavioral economics, information processing, framing effect, research, econometrics
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