TAX COLLECTION AND ECONOMIC GROWTH: OECD PANEL STUDY
| Autoři | |
|---|---|
| Rok publikování | 2016 |
| Druh | Článek ve sborníku |
| Konference | 3nd International Multidisciplinary Scientific Conference on Social Sciences & Arts SGEM 2016 |
| Fakulta / Pracoviště MU | |
| Citace | |
| Obor | Ekonomie |
| Klíčová slova | economic growth; OECD; panel estimation; tax classification; taxation |
| Popis | Tax policy ensures a collection of necessary funds for governments to operate. Taxes also represent an obligation for citizens and companies inside an economy. The aim of this paper is to examine possible effects of individual tax categories on real economic growth in 32 OECD Member States. This research uses annual data from time period 1995-2014 and focuses on main tax categories such as direct taxes, indirect taxes and social security contribution and also to more specific tax classes. These fiscal variables are added into an augmented endogenous growth model with physical and human capital approximation together with control variables. We use multiple panel estimation methods to ensure robustness of results such as pooled, weighted, fixed-effects and dynamic panel estimator. Analysis in this paper contributes to relevant empirical literature. Our result shows a persistent negative effect of social security contribution on economic growth in all regressions. There is also a positive tendency of property tax to boost GDP growth. |
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