10.5937/industrija42-6944 = Transition economies during global economic crisis: A difference in differences approach

The aim of the paper is to show the relevance of nexus between tax forms and economic growth and how they affect on gross domestic product in Serbia for the period 2006-2015. The impact is manifested through the analysis of three main tax forms: personal income tax (PIT), corporate income tax (CIT) and value-added tax (VAT) and their effect on the macroeconomic indicator as gross domestic product (GDP

Section: Methodsmentioning

confidence: 83%

The impact of tax forms on economic growth: Evidence from Serbia

Kalaš¹,

Milenković²,

Pjanić³

et al. 2017

“…Different technics has been used for the analyses of the football clubs efficiently and different results have been obtained (See: Barajas, Fernández-Jardón, & Liz, 2005; C. P. Barros, Garciadel-Barrio, & Leanch, 2009;Espitia-Escuer & García-Cebrián, 2010;Guzmán, 2006;Haas et al, 2004;Jardin, 2009;Mijatović et al, 2015;Pyatunin et al, 2016;Ribeiro & Lima, 2012;Samagaio, Couto, & Caiado, 2009;Soleimani-Damaneh, Hamidi, & Sajadi, 2011). The most part of these papers did not take into account the effects of the crises on the financial success of the analyzed clubs (See more in: Filipović & Miljković, 2014), neither the uses of different accounting treatment of the transfer fee on the financial success (see more in: Amira & Livne, 2005;Borré & Gelmini, 2008;Morrow, 1999;Rowbottom, 2002).…”

Section: Literature Reviewmentioning

confidence: 99%

Do financial results influence sports results in football industry? Case study of the Brazilian football league

Wallan¹,

Matheus²,

Oliveira³

et al. 2018

The purpose of this article is to investigate the influence of club revenues on their classification during the seasons from 2007 to 2016 of the first division of the Brazilian Football League. The data on club revenue and classification presented in this study were obtained on the websites of the clubs, of entities that investigate the sports economy of the Brazilian Football Confederation. In this study, we used information from 16 clubs, which were divided into 3 sample groups, according to the Total Revenue in dollars. The results showed that the G1 group had higher total revenue than the other groups and that the G3 Group had the lowest revenue among the groups, but that all groups evolved during the evaluated years. In relation to the classification, you can see that groups G1 and G2 presented similar results and that the G3 group always occupied the lowest ranked places in the championship. These results demonstrated a correlation between revenue and club classification. These results allow us to conclude that the higherrevenue teams showed better positions in the championship because, by collecting more, they tend to have better conditions to compete for the title

“…According to the European Bank for Reconstruction and Development (EBRD), the average growth rate of Gross Domestic Product (GDP) in the transition countries in 2007 was 8.7%, but plummeted to -3.9% in 2009 after the start of recession. Empirical research conducted on a sample of 29 transition countries in the period 2008-2013, showed that countries with slower progress of reforms implementation felt less negative effects of the crisis in 2009, with regard to GDP growth rate (Filipović, Miljković, 2014). Furthermore, this subgroup of transition countries more successfully overcame the crisis during 2009-2013, showing by 18% higher cumulative growth rate in a-five-year period than the transition countries that adopted all market economy principles.…”

Section: Introductionmentioning

confidence: 97%

Correlation between reforms and foreign debt in transition countries

Filipović¹,

Raspopović²,

Toskovic³

2015

Self Cite

After the global economic crisis escalated, transition countries indicated growth in their external debt. The aim of the paper is to determine the existence of a correlation between the transition reforms and the level of external debt. The research is based on applied Mann-Whitney U Test on a sample of 27 transition countries. Transition countries are divided into two groups depending on whether their value of the average transition indicator in 2012 is greater or less than 3.4. The research has shown a positive and statistically significant correlation between the observed variables, i.e. that countries with higher average transition indicator have a greater external indebtedness. The regression analysis has found a positive and statistically significant correlation between the observed variables in the case of Serbia that enters the zone of high indebtedness. The research findings indicate the need to review the efficiency of existing economic policies as well as to define new direction of development that would provide the impetus to the economic growth of transition countries without additional external debt.