Alternatives of the Laffer Curve with 'Hysteresis'
Bulletin of the Georgian National Academy of Sciences, Vol. 3, No. 1, 2009
3 Pages Posted: 28 Nov 2012
Date Written: November 28, 2012
The 'corrections' to the Laffer Curve are based on a factor of time. High importance is the question – in which direction the average aggregate tax is changing: upward or downward, when the Laffer Effect always appears a couple of years later. Alternatives of the Laffer Curve are constructed in the article.
Keywords: taxes, Laffer curve, Laffer effect, Balatski-Papava curve, Vishnevski-Lipnitski-Papava curve
JEL Classification: E62, H21
Suggested Citation: Suggested Citation