Publication details
The Double Taxation of Savings and Economic Growth in Czech Republic
| Authors | |
|---|---|
| Year of publication | 2013 |
| Type | Article in Proceedings |
| Conference | Proceedings of the 17th International Conference. Current Trends in Public Sector Research |
| MU Faculty or unit | |
| Citation | |
| Web | http://ctpsr.econ.muni.cz/wp-content/uploads/2014/06/Sbornik_full_final_2013_A5.pdf |
| Field | Economy |
| Keywords | Tax savings economic growth multi-agent based simulation |
| Description | This paper presents the results of the simple agent-based model. The model simulates the abolishing of the double taxation of savings in the Czech economy and its impact on economic growth using three levels of growth sensitivity to total amount of savings in the economy. The model concludes that double taxation of savings has very little if any effect on GDP growth rates. This is true for all three settings of growth sensitivity to savings. Double taxation has basically no negative impact on economic growth in the short run and slightly bigger but still questionable impact in the long run. The final years of simulation also show that rather than small changes in tax system settings it is the future demographic change that deserves attention. |
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