TAX QUOTA VS. WORLD TAX INDEX: PANEL DATA COMPARISON
| Authors | |
|---|---|
| Year of publication | 2016 |
| Type | Article in Proceedings |
| Conference | Quantitative Methods in Economics; Multiple Criteria Decision Making XVIII |
| MU Faculty or unit | |
| Citation | |
| Web | http://www.fhi.sk/en/katedry%20-fakulty/kove/ssov/papers// |
| Field | Economy |
| Keywords | Economic growth; Tax quota; World Tax Index |
| Description | The aim of this paper is to examine possible effects of tax burden on the real economic growth in 33 OECD countries. Research is focused on two tax burden indicators. A tax quota is used in most of similar studies and World Tax Index as an alternative. These indicators are separately added in the augmented endogenous growth model with physical capital approximation and other control variables. The fixed-effect panel regression was used as a method to analyze any tax burden effects in a time period 2000-2013. Because of nature of annual data, time fixed-effects were also added to regression. Main findings of this paper are that a tax quota has significant adverse effects on growth whether time fixed-effects are used or not. World Tax Index has significant adverse effects only when time dummies are used. |
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