The comparison between the role of taxes as automatic stabilizers of personal income tax and corporate income tax a case study of Thailand

Name: Orawan Aimokjai

LCSH: Kasetsart University -- Theses. M.Econ. 2022

Classification :.LCCS: HC445.Z9.I5 .O73

LCSH: Kasetsart University. -- Department of Economics -- Theses

LCSH: Economic stabilization -- Thailand

LCSH: Fiscal policy -- Thailand

LCSH: Income tax -- Thailand

LCSH: Corporations -- Taxation -- Thailand

Abstract: The purpose of this study is to examine taxes as automatic stabilizers in Thailand from the first half of 1994 until the first half of 2021. This study uses secondary data from the Fiscal Policy Office and the Office of the Nation Economic and Social Development Council (NESDC). This study is based on the OCED methodology. We estimate the change in the Cyclically Primary Balance Model (CPB) in two period. Thus, we estimate automatic stabilizers of both taxes by using the output gap and the elasticity of each tax type. We estimate the output gap through the HP filter and the elasticity of each tax type with respect to gross national income by using a double-log function. The findings pointed out when nominal gross domestic product changes by (1%), on the averages, personal and corporate income tax change by (0.680698262 % and 1.274120 %, respectively) in the first half of 1994 to the first half of 2021. When nominal gross domestic product changes by (1%), on the averages, personal and corporate income tax change by (0.796121661 % and 1.651438 %, respectively) in the second half of 1993 to the second half of 2020. When we check the correlation between both taxes and the budget balance, we imply personal income tax and corporate income tax are counter-cyclical. Thus, policymakers can use this to assess and plan taxation.

Kasetsart University. Office of the University Library

Address: Bangkok

Email: tdckulib@ku.ac.th

Name: Bundit Chaivichayachat

Role: Thesis Advisor

Name: Thanarak Laosuthi

Role: Thesis CO-Advisor

Created: 2022

Modified: 2025-07-11

Issued: 2025-07-11

วิทยานิพนธ์/Thesis

application/pdf

URL: https://www.lib.ku.ac.th/KUthesis/2565/orawan-aim-all.pdf

CallNumber: HC445.Z9.I5 .O73

eng

Spatial: Thailand

Spatial: Thailand

Spatial: Thailand

Spatial: Thailand

DegreeName: Master of Economics

Level: Master's Degree

Descipline: Economics

Grantor: Kasetsart University

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