Tax Revenues in the Context of Economic Determinants
Despite the general recognition that taxes are generally a strong policy tool for assessing the macroeconomic impact of the country's alternative tax policies, taxes are often weakened by restrictions on tax revenue measurement. The aim of the contribution is to quantify the impact of selec...
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| Format: | Article |
| Language: | English |
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NGO “Economic Laboratory for Transition Research” (ELIT)
2018-03-01
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| Series: | Montenegrin Journal of Economics |
| Subjects: | |
| Online Access: | http://mnje.com/sites/mnje.com/files/133-141_andrejovska_and_pulikova_rrr.pdf |
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| _version_ | 1849250853236506624 |
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| author | Alena Andrejovská Veronika Puliková |
| author_facet | Alena Andrejovská Veronika Puliková |
| author_sort | Alena Andrejovská |
| collection | DOAJ |
| description | Despite the general recognition that taxes are generally a strong policy
tool for assessing the macroeconomic impact of the country's alternative
tax policies, taxes are often weakened by restrictions on
tax revenue measurement. The aim of the contribution is to quantify
the impact of selected macroeconomic indicators (gross domestic
product, level of employment, public debt, foreign direct investments,
effective tax rate, statutory tax rate) on the total amount of
tax revenues, taking into account the tax competitiveness of the 28
EU member states. There was used methods of three models of regression
analysis: the pooling model, the fixed effects model and the
random effects model. The hypothesis that the gross domestic product
has the greatest impact on tax revenue has been tested. In
conclusion, the analysis confirmed that the strongest correlation is
between tax revenues and employment rate. Followed by foreign direct
investment and gross domestic product. Increasing these determinants
by 1 mil. € (increase in employment by 1%) would increase
tax revenues by 10 072 mil. € at the employment rate, by 383.1
thousand € for gross domestic product and by 434.2 thousand € for
foreign direct investment. |
| format | Article |
| id | doaj-art-9b1753c6f4ac4bb6bc73d8f3a43fbd69 |
| institution | Kabale University |
| issn | 1800-5845 1800-6698 |
| language | English |
| publishDate | 2018-03-01 |
| publisher | NGO “Economic Laboratory for Transition Research” (ELIT) |
| record_format | Article |
| series | Montenegrin Journal of Economics |
| spelling | doaj-art-9b1753c6f4ac4bb6bc73d8f3a43fbd692025-08-20T03:57:08ZengNGO “Economic Laboratory for Transition Research” (ELIT)Montenegrin Journal of Economics1800-58451800-66982018-03-0114113314110.14254/1800-5845/2018.14-1.10Tax Revenues in the Context of Economic DeterminantsAlena Andrejovská0Veronika Puliková1Faculty of Economics, Technical University of Košice, Slovak RepublicFaculty of Economics, Technical University of Košice, Slovak RepublicDespite the general recognition that taxes are generally a strong policy tool for assessing the macroeconomic impact of the country's alternative tax policies, taxes are often weakened by restrictions on tax revenue measurement. The aim of the contribution is to quantify the impact of selected macroeconomic indicators (gross domestic product, level of employment, public debt, foreign direct investments, effective tax rate, statutory tax rate) on the total amount of tax revenues, taking into account the tax competitiveness of the 28 EU member states. There was used methods of three models of regression analysis: the pooling model, the fixed effects model and the random effects model. The hypothesis that the gross domestic product has the greatest impact on tax revenue has been tested. In conclusion, the analysis confirmed that the strongest correlation is between tax revenues and employment rate. Followed by foreign direct investment and gross domestic product. Increasing these determinants by 1 mil. € (increase in employment by 1%) would increase tax revenues by 10 072 mil. € at the employment rate, by 383.1 thousand € for gross domestic product and by 434.2 thousand € for foreign direct investment.http://mnje.com/sites/mnje.com/files/133-141_andrejovska_and_pulikova_rrr.pdftax competitioncorporate taxationtax revenuecapital mobilityemployment rate |
| spellingShingle | Alena Andrejovská Veronika Puliková Tax Revenues in the Context of Economic Determinants Montenegrin Journal of Economics tax competition corporate taxation tax revenue capital mobility employment rate |
| title | Tax Revenues in the Context of Economic Determinants |
| title_full | Tax Revenues in the Context of Economic Determinants |
| title_fullStr | Tax Revenues in the Context of Economic Determinants |
| title_full_unstemmed | Tax Revenues in the Context of Economic Determinants |
| title_short | Tax Revenues in the Context of Economic Determinants |
| title_sort | tax revenues in the context of economic determinants |
| topic | tax competition corporate taxation tax revenue capital mobility employment rate |
| url | http://mnje.com/sites/mnje.com/files/133-141_andrejovska_and_pulikova_rrr.pdf |
| work_keys_str_mv | AT alenaandrejovska taxrevenuesinthecontextofeconomicdeterminants AT veronikapulikova taxrevenuesinthecontextofeconomicdeterminants |