The Impact of Standard Value Added Tax on Economic Growth in Cee-5 Countries: Econometric Analysis and Simulations

Simionescu, Mihaela; Albu, Lucian-Liviu

doi:10.3846/20294913.2016.1244710

Cited by 24 publications

(20 citation statements)

References 20 publications

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“…This conclusion collides with another empirical papers (e.g. Kotlán et al, 2011;Simionescu and Albu, 2016) which showed either insignificant negative impact or slightly positive impact on economic growth. Ebrill et al (2001) state that value added tax creates economic deformations which are smaller compared to other taxes as they reflect lower productivity and savings.…”

Section: Resultssupporting

confidence: 81%

Affects Corporate Taxation Economic Growth? - Dynamic Approach for OECD Countries

Nálepová¹

2017

EJOBSAT

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This contribution deals with issues of corporate taxation in relation with economic growth. Its main objective is to quantify and analyse the relation of corporate taxation and economic growth using of OECD countries. The corporate tax rate is approximated by effective corporate tax rates such as corporate tax quota, marginal effective and average tax rates as determined by micro-forward looking approach and the alternative approach World Tax Index. The relation of taxation and economic growth is verified using an econometric model based on panel regression methods and tests using a dynamic panel. The model has shown a negative impact on economic growth for all six of the selected corporate tax approximators under the assumed significant level. A quantitatively higher negative impact has been verified in the case of labour taxation.

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Section: Resultssupporting

confidence: 81%

Affects Corporate Taxation Economic Growth? - Dynamic Approach for OECD Countries

Nálepová¹

2017

EJOBSAT

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“…Prichard (2016) highlighted that direct taxes such as personal and corporate income tax are bad for growth compared to indirect taxes. On the other hand, there are many empirical studies that have estimated the relationship between indirect taxes and economic growth (Alm & El-Gannainy, 2012;Li & Lin, 2015;Simionescu et al 2016;Loganathan et al 2017;Kalaš & Milenković, 2017;McNabb, 2018;Dobranschi & Nerudová, 2018). Alm and El-Ganainy (2012) examined relationship between value added tax and consumption in fifteen EU countries for the period 1961-2005.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Results of empirical study confirmed that economic growth in the United States responds negatively to sales tax in the long run, although it produces positive impact in the short run. Empirical analysts Simionescu et al (2016) analyzed the impact of standard value added tax rate on economic growth in Bulgaria, Czech Republic, Hungary, Poland and Romania for the period 1995-2005. Their findings showed bidirectional causality between these variables and negative effect of value added tax rate on economic growth in most observed countries.…”

Section: O I N T E G R a T I O N A N A L Y S I S O F I N D I R E C mentioning

confidence: 99%

Cointegration analysis of indirect taxes and economic growth in the Republic of Serbia

Kalaš

Mirović

Andrašić

2020

Anali Ekon fak Subotica

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This research examines the relationship between indirect taxes and gross domestic product per capita in the Republic of Serbia from 2005 to 2019. The aim of this paper is to evaluate the long-run relationship between value added tax, excises and gross domestic product per capita based on Johansen cointegration test. The empirical analysis includes descriptive statistics, unit root test, cointegration test and FMOLS model. The results reveal a long-run relationship between indirect taxes such as value added tax and excises and the gross domestic product per capita in the Republic of Serbia for the observed period. Empirical findings confirm that revenues of value added tax and excises have positive and significant effect on the gross domestic product per capita in the long-run.

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“…The outcome of this study aligns with the position of Sok-Gee, Zulkufly, and Mohd Zaini (2017).Adegbite, (2018); Onuora, Okegbe and Ezejiofor (2017); Ibadin and Oladipipo (2016) all agreed with empirical evidence thatValue Added Tax is significant in the Nigerian economy.Results from the studies revealed that Value Added Tax had an overall significant effect on Economic growth and this position aligns with the outcome of this study. Simionescu and Albu (2016) who analysed the importance of Value Added Tax on economic growth in five Central Eastern countries (Bulgaria, Czech Republic, Hungary, Poland & Romania). Dragos (2014) also conducted a study on the Value Added Tax gap in Europe for 2008-2014.…”

Section: Diagnostic Testmentioning

confidence: 99%

Value Added Tax Gap and Capital Expenditure over Economic Services in Nigeria

Akintoye¹,

Mary²

2020

theijhss

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Value Added Tax Gap and Capital Expenditure over Economic Services in Nigeria 1. Introduction Every individual desire`s to live a comfortable and decent life and the presence of adequate and efficient infrastructural amenities in a nation determines the standard of living of its residents. Countries that have modern day infrastructural amenities such as adequate and steady power supply, good education, contemporary legislative reforms, efficient property regulation system, transparent electoral processes, progressive trade policies, security, upright regulatory environment, efficient transport system, effective judicial system, industrial growth, access to good health care system, low level of unemployment and corruption as well as low poverty rate are considered to be developed nations while their counter parts that lack the above or have them but not at an advanced level are referred to as developing or under developed nations. Thus, the government of every country strives to provide the above amenities so as to improve the standard of living of its citizens as well as attain the respect associated with being a developed country. Inability to generate adequate funds can affect the level of infrastructural amenities provided by the government of a State (Adeosun, 2017). Thus, government is always saddled with the responsibility of providing the necessary infrastructure that will spur development as well as meet needs of the contemporary society such as the need to save time. Adegbie and Daniel-Adebayo, (2017). Developed countries around the world have invested substantially in infrastructural development over the centuries and still do, however, many of their developing counterparts in Asia and Africa have struggled with infrastructural challenges for decades and Nigeria is no exception.This lack of investment in infrastructure has given rise to a situation where the economy cannot encourage and sustain start-up businesses that can trigger a growth in the economy. Infrastructural development projects are classified into administration, economic services, social and community services and transfers. capital expenditure on administration, includes cost of ensuring internal and external security, capital expenditure on economic activities relates to investment in real infrastructure such as road, power, communication, housing and transportation. capital expenditure on social and community services relates to cost of providing a good health system, education and urbanization or rural areas and capital cost on transfers are incurred to

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The Impact of Standard Value Added Tax on Economic Growth in Cee-5 Countries: Econometric Analysis and Simulations

Cited by 24 publications

References 20 publications

Affects Corporate Taxation Economic Growth? - Dynamic Approach for OECD Countries

Affects Corporate Taxation Economic Growth? - Dynamic Approach for OECD Countries

Cointegration analysis of indirect taxes and economic growth in the Republic of Serbia

Value Added Tax Gap and Capital Expenditure over Economic Services in Nigeria

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