Theoretical Foundations of the Laffer Curve

Bulletin of Georgian National Academy of Sciences, Vol. 2, No. 4, 2008

5 Pages Posted: 30 Nov 2012

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: November 29, 2012

Abstract

The Laffer Curve is the most evident illustration of the key postulations of the supply-side economics. Presently, almost all modern economics textbooks are evidently critical of the Laffer Curve. Despite this, there are a number of most recent works aimed at studying mathematical and empirical implications of the Laffer Curve. It must be underlined that originally the Laffer Curve was formulated in a macroeconomic context, for which reason it is not applicable to individual taxes, but rather to a certain average aggregate tax.

Keywords: Laffer Curve, taxes, supply-side economics

JEL Classification: E62, H21,

Suggested Citation

Papava, Vladimer, Theoretical Foundations of the Laffer Curve (November 29, 2012). Bulletin of Georgian National Academy of Sciences, Vol. 2, No. 4, 2008. Available at SSRN: https://ssrn.com/abstract=2182402

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

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Tbilisi, Tbilisi 0179
Georgia
+995 32 222-0241 (Phone)
+995 32 222-5107 (Fax)

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