Table 5 Estimated semi-elasticities of tax components
From: The unemployment effects of fiscal policy: recent evidence from Greece
| Â | Â | Implicit direct tax rate | Implicit indirect tax rate | |||
|---|---|---|---|---|---|---|
Horizon | ΔΥ/ Δ(ImplDT) | Δu/ Δ(ImplDT) | Δu/Δ(ImplD) (2012) | ΔΥ/ Δ(ImplINDT) | Δu/ Δ(ImplINDT) | Δu/Δ(ImplINDT) (2012) |
Impact | -1.21% | 0.35% | 0.74% | -1.26% | 0.34% | 0.71% |
1st quarter | -0.89% | 0.26% | 0.55% | -0.93% | 0.32% | 0.66% |
1Â year | -0.42% | 0.13% | 0.27% | -0.65% | 0.28% | 0.58% |
2Â years | -0.18% | 0.06% | 0.12% | -0.45% | 0.21% | 0.45% |