Taxation and economic growth: an evolutionary approach
Taxes play an extremely important role in assuring of the activities of the state, financing the production of public goods and income redistribution. At the same time, neither theoretical work, nor the facts can give the definite answer concerning the character and significance of the impact of tax...
Збережено в:
| Дата: | 2014 |
|---|---|
| Автор: | |
| Формат: | Стаття |
| Мова: | English |
| Опубліковано: |
Інститут економіки промисловості НАН України
2014
|
| Назва видання: | Економіка промисловості |
| Теми: | |
| Онлайн доступ: | http://dspace.nbuv.gov.ua/handle/123456789/64025 |
| Теги: |
Додати тег
Немає тегів, Будьте першим, хто поставить тег для цього запису!
|
| Назва журналу: | Digital Library of Periodicals of National Academy of Sciences of Ukraine |
| Цитувати: | Taxation and economic growth: an evolutionary approach / O.V. Gurnak // Економіка промисловості. — 2014. — № 1 (65). — С. 66-73. — Бібліогр.: 21 назв. — англ. |
Репозитарії
Digital Library of Periodicals of National Academy of Sciences of Ukraine| id |
irk-123456789-64025 |
|---|---|
| record_format |
dspace |
| spelling |
irk-123456789-640252014-06-10T03:01:28Z Taxation and economic growth: an evolutionary approach Gurnak, O.V. Macroeconomic and regional problems of industrial development Taxes play an extremely important role in assuring of the activities of the state, financing the production of public goods and income redistribution. At the same time, neither theoretical work, nor the facts can give the definite answer concerning the character and significance of the impact of taxes on the economic growth. The reason for such discrepancies in the obtained results can be ignorance of the existence of different tax populations and subpopulations. They are defined as groups of countries, which formed similar formal and informal tax institutions during the long socio-economic evolution. In the paper the results of an empirical test of this hypothesis are given. Methodology of the study was based on the construction of the procedure of stepwise selection and analysis of statistically adequate econometric models as for undivided sample of 117 countries, so as for different tax populations and subpopulations. In constructed models, economic growth was viewed as the dependent variable, and the tax ratio and the size of the shadow economy were considered as independent variables. These results confirm the investigated hypothesis. Wherein, for the mixed tax populations’ countries, including subpopulations of Muslim countries, as well as a subpopulation of post-colonial countries of the European tax population, an increase in the effective tax rate contributes to real economic growth. In the tax subpopulation of Western European countries, the significant interrelation between the level of taxation and variations in real economic growth is absent. For Eastern European tax subpopulation including Ukraine, the increase in the real tax ratio leads to a fall in the real economic growth. This happens because of a clear priority of social spending and inadequate government funding programs for economic growth, and low efficiency of state institutions. Подано результати емпіричних досліджень впливу рівня оподаткування на економічне зростання. Показано, що характер досліджуваного зв’язку відрізняється для різних податкових популяцій і субпопуляцій. Зокрема, в країнах західноєвропейської податкової субпопуляції відсутній значущий зв’язок між рівнем оподаткування та варіаціями реального економічного зростання, а для східноєвропейської субпопуляції, що включає також Україну, збільшення реального податкового коефіцієнта призводить до зниження реального економічного зростання. Представлены результаты эмпирических исследований влияния уровня налогообложения на экономический рост. Показано, что характер исследуемой связи отличается для различных налоговых популяций и субпопуляций. В частности, в странах западноевропейской налоговой субпопуляции значимая связь между уровнем налогообложения и вариациями реального экономического роста отсутствует, а для восточноевропейской субпопуляции, включающей и Украину, увеличение реального налогового коэффициента приводит к снижению реального экономического роста. 2014 Article Taxation and economic growth: an evolutionary approach / O.V. Gurnak // Економіка промисловості. — 2014. — № 1 (65). — С. 66-73. — Бібліогр.: 21 назв. — англ. 1562-109Х http://dspace.nbuv.gov.ua/handle/123456789/64025 336.221:330.35 en Економіка промисловості Інститут економіки промисловості НАН України |
| institution |
Digital Library of Periodicals of National Academy of Sciences of Ukraine |
| collection |
DSpace DC |
| language |
English |
| topic |
Macroeconomic and regional problems of industrial development Macroeconomic and regional problems of industrial development |
| spellingShingle |
Macroeconomic and regional problems of industrial development Macroeconomic and regional problems of industrial development Gurnak, O.V. Taxation and economic growth: an evolutionary approach Економіка промисловості |
| description |
Taxes play an extremely important role in assuring of the activities of the state, financing the production of public goods and income redistribution. At the same time, neither theoretical work, nor the facts can give the definite answer concerning the character and significance of the impact of taxes on the economic growth. The reason for such discrepancies in the obtained results can be ignorance of the existence of different tax populations and subpopulations. They are defined as groups of countries, which formed similar formal and informal tax institutions during the long socio-economic evolution. In the paper the results of an empirical test of this hypothesis are given. Methodology of the study was based on the construction of the procedure of stepwise selection and analysis of statistically adequate econometric models as for undivided sample of 117 countries, so as for different tax populations and subpopulations. In constructed models, economic growth was viewed as the dependent variable, and the tax ratio and the size of the shadow economy were considered as independent variables. These results confirm the investigated hypothesis. Wherein, for the mixed tax populations’ countries, including subpopulations of Muslim countries, as well as a subpopulation of post-colonial countries of the European tax population, an increase in the effective tax rate contributes to real economic growth. In the tax subpopulation of Western European countries, the significant interrelation between the level of taxation and variations in real economic growth is absent. For Eastern European tax subpopulation including Ukraine, the increase in the real tax ratio leads to a fall in the real economic growth. This happens because of a clear priority of social spending and inadequate government funding programs for economic growth, and low efficiency of state institutions. |
| format |
Article |
| author |
Gurnak, O.V. |
| author_facet |
Gurnak, O.V. |
| author_sort |
Gurnak, O.V. |
| title |
Taxation and economic growth: an evolutionary approach |
| title_short |
Taxation and economic growth: an evolutionary approach |
| title_full |
Taxation and economic growth: an evolutionary approach |
| title_fullStr |
Taxation and economic growth: an evolutionary approach |
| title_full_unstemmed |
Taxation and economic growth: an evolutionary approach |
| title_sort |
taxation and economic growth: an evolutionary approach |
| publisher |
Інститут економіки промисловості НАН України |
| publishDate |
2014 |
| topic_facet |
Macroeconomic and regional problems of industrial development |
| url |
http://dspace.nbuv.gov.ua/handle/123456789/64025 |
| citation_txt |
Taxation and economic growth: an evolutionary approach / O.V. Gurnak // Економіка промисловості. — 2014. — № 1 (65). — С. 66-73. — Бібліогр.: 21 назв. — англ. |
| series |
Економіка промисловості |
| work_keys_str_mv |
AT gurnakov taxationandeconomicgrowthanevolutionaryapproach |
| first_indexed |
2023-10-18T18:44:13Z |
| last_indexed |
2023-10-18T18:44:13Z |
| _version_ |
1796145020190851072 |