Determinants of tax revenue in OECD countries over the period 2001–2011

Castro, Gerardo Ángeles; Camarillo, Diana Berenice Ramírez

doi:10.1016/s0186-1042(14)71265-3

Cited by 101 publications

(69 citation statements)

References 22 publications

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“…Additionally, the lagged value of the dependent variable is found to positively related to tax revenue and its effect is larger in high income countries. By contrast, Salatin and Eslambolchi (2013), find evidence that runs counter to Castro and Camarillo (2014). The former, using data for the period 1990-2010 from selected Middle East countries, estimate a dynamic model in a panel framework with the system generalized method of moments (GMM) technique, and find a significant negative relation between civil liberties and tax revenue, but a positive impact of political rights.…”

Section: Empirical Studiesmentioning

confidence: 99%

“…The results indicate that the strength of democratic institutions and civil liberties are not significantly related to tax revenue, except for trade and property taxes. Elsewhere, Castro and Camarillo (2014), using static and dynamic panel data techniques, and a sample of 34 countries from the Organization for Economic Co-operation and Development over the period 2001-2011, show that civil liberties, alongside gross domestic product per capita, and the industrial sector have positive impact on the dependent variable, while the agricultural sector and the share of foreign direct investment in gross fixed capital formation have an adverse effect. Additionally, the lagged value of the dependent variable is found to positively related to tax revenue and its effect is larger in high income countries.…”

Section: Empirical Studiesmentioning

confidence: 99%

“…Highly correlated variables are not included in the same model to avoid spurious effects and multicollinearity problems. Castro and Camarillo (2014), the lagged dependent variable can either be positive or negative. The positive sign would, by the Keynesian approach, imply that a high tax-to-GDP ratio in the previous period encourages public expenditure and economic growth, resulting into further tax revenue, but the reverse is true when the tax collection is low.…”

Section: Empirical Specificationmentioning

confidence: 99%

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Financial Development and Tax Revenue: How Catalytic Are Political Development and Corruption?

Nnyanzi¹,

Bbale²,

Sendi³

2018

IJEF

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Increasing domestic revenue mobilization remains a challenge for many governments, particularly in low-income countries. Using a sample of East African countries, the study sets off to investigate the impact of financial development from a multi-dimensional perspective on tax revenues for the period 1990 to 2014, and how political development and the control of corruption would enhance the observed nexus. The dynamic panel results from the system GMM estimation approach indicate a significant role of financial development overall and the financial institutions and financial markets in particular. A disaggregation of the duo suggests that it is the depth of financial institutions that greatly matters for tax revenue, with a one per cent change expected to yield about 0.26 per cent change in tax collections. It is then followed by their level of accessibility, financial market depth and efficiency. We fail to find significant evidence in support of financial market access and financial institutions efficiency although the possibility for the latter seems indismissible. Further evidence points to the catalytic nature of a good institutional and political environment in pursuit of higher tax-GDP ratio via financial development. Policies to promote the depth and accessibility of financial institutions as well the depth and efficiency of financial markets in East Africa alongside well-focused anti-corruption programs and democratic governance are likely to yield better fiscal outcomes in terms of domestic tax revenues critically needed to achieve the United Nations Sustainable Development Goals. We also confirm the positive role played by the lagged tax revenue, per capita GDP, trade openness, debt-to-GDP ratio and population density in the tax effort.

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Section: Empirical Studiesmentioning

confidence: 99%

Section: Empirical Studiesmentioning

confidence: 99%

Section: Empirical Specificationmentioning

confidence: 99%

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Financial Development and Tax Revenue: How Catalytic Are Political Development and Corruption?

Nnyanzi¹,

Bbale²,

Sendi³

2018

IJEF

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“…Castro and Camarillo [4] analyzed the impact of economic, structural, institutional and social factors on tax revenues in OECD countries in 2001-2011. They found that tax revenues as a percentage of GDP in these countries were positively related to GDP per capita, the industry value added as a percentage of GDP and civil liberties, whereas they were inversely dependent on the agriculture value added as a percentage of GDP and the share of foreign direct investment in gross fixed capital formation.…”

Section: Literature Overviewmentioning

confidence: 99%

The determinants of budget revenues of Russian regions

Малкина

2018

R-E

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This paper discusses the determinants of regional budget revenues and evaluates their impact on the level of budget provision of Russian regions. We used the panel data on 80 Russian regions in 2006-2014 embracing average population, GRP disaggregated by main economic activities, tax revenues both collected and allocated at the regional level, intergovernmental aid and total budget revenues of consolidated budgets. We applied the least-squares methods with fixed and random effects to estimate the regressions between the structure of employment in main economic activities and the collected tax revenues in Russian regions. The constructed model allowed us to distinguish activities with positive and negative influence of employment on the general tax level and to determine the elasticity of the collected tax revenue per capita with respect to the shares of employees engaged in various economic activities. Further we applied the weighted least-squares method to estimate the model, demonstrating dependency of the budget revenue per capita in Russian regions on the collected tax revenue per capita, the level of tax absorption and the share of intergovernmental transfers in consolidated regional budgets. The constructed model demonstrated high elasticity of budget provision of Russian regions with respect to the general tax level, and even more with respect to the level of tax absorption. Nevertheless, the inter-budgetary transfers showed a very slight positive impact on the dispersion of the regional budget revenue per capita over the given period. Our findings are applicable to the management of budget revenues at the regional level and to the improvement of the Russian model of fiscal federalism. KEYWORDS region; budget revenue, determinants, economic activities, GRP per capita FOR CITATION Malkina, M. Yu. (2018) The determinants of budget revenues of Russian regions.

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“…Badania przeprowadzone przez K. Karagöz [2013], wykorzystujące modele regresji, wskazały na kilka czynników wpływających na dochody podatkowe w Turcji: udział sektora rolnego i przemysłowego w krajowym PKB, dług zagraniczny, stopień monetyzacji gospodarki i tempo urbanizacji.…”

Section: Metodyka Badań Czynników Wpływających Na Wysokość Dochodów Bunclassified

Czynniki wpływające na wysokość dochodów budżetowych z tytułu podatku od wartości dodanej (VAT) w państwach Unii Europejskiej

Kaczyńska

2016

SOEP

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Streszczenie: W artykule zbadano zmiany wysokości wpływów budżetowych z podatku od wartości dodanej (VAT), który stanowi ważne źródło dochodów budżetowych wszystkich państw Unii Europejskiej. W celu określenia determinant dochodów z VAT w latach 2004-2013 skonstruowano modele regresji, w których dochody te były zmienną objaśnianą. Jako zmienne objaśniające przyjęto natomiast wysokość stawki podstawowej, stopę bezrobocia, wartość produktu krajowego brutto (PKB), wydatki konsumpcyjne, wartość eksportu i importu. Przeprowadzone analizy pozwoliły stwierdzić, że wpływy z VAT są wrażliwe na wahania koniunktury gospodarczej, gdyż zmienną objaśniającą najczęściej uznaną za determinantę okazała się wartość PKB danego państwa członkowskiego.Słowa kluczowe: VAT, determinanty dochodów z VAT, stawka VAT, podatki pośred-nie, dochody podatkowe, regresja krokowa wsteczna.Klasyfi kacja JEL: C30, E62, H20, H87. FACTORS AFFECTING VALUE ADDED TAX BUDGET REVENUE IN THE EUROPEAN UNION COUNTRIESAbstract: Th is article examines the changes of value added tax (VAT) revenue which is an important source of income in every country of the European Union. In order

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Determinants of tax revenue in OECD countries over the period 2001–2011

Cited by 101 publications

References 22 publications

Financial Development and Tax Revenue: How Catalytic Are Political Development and Corruption?

Financial Development and Tax Revenue: How Catalytic Are Political Development and Corruption?

The determinants of budget revenues of Russian regions

Czynniki wpływające na wysokość dochodów budżetowych z tytułu podatku od wartości dodanej (VAT) w państwach Unii Europejskiej

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