Macro-economic determinants of tax revenue in India: an application of dynamic simultaneous equation model

Neog, Yadawananda; Gaur, Achal Kumar

doi:10.1504/ijepee.2020.106679

Cited by 13 publications

(12 citation statements)

References 42 publications

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“…Ball and Creedy (2014) analyzed population aging and argued that indirect tax revenue growth depends on the changing expenditure pattern over the life cycle. For example, Neog and Gaur (2020) confirmed that growth, aid, and trade had positive effects on tax revenue while inflation, development expenditure, and agriculture contributions negatively affected the tax revenue level in an analysis of India for the period 1986-2016. Morrissey et al (2016) examined the tax revenue performances and vulnerability in developing countries from 1980 to 2010, and their research found a negative relationship between manufacturing exports and revenue in lower-income countries.…”

Section: Literature Reviewmentioning

confidence: 85%

Modeling Tax Revenue Determinants: The Case of Visegrad Group Countries

Đurović Todorović,

Đorđević,

Mirović

et al. 2024

Economies

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This article provides panel data estimations of the tax revenue determinants in VG (Visegrad Group) countries (the Czech Republic, Hungary, Poland, and Slovakia) for the period 1994–2023. The aim of this research was to determine how the macroeconomic determinants affect the tax revenues in the selected countries. Within the static models, the Hausman test showed that the FE (fixed effects) model is appropriate and reflects the significant effects of the gross domestic product, population, inflation, unemployment, import, government revenue, government expenditure, and EU enlargement on the tax revenue. The PMG (Pooled Mean Group) model is an adequate model among the dynamic models and manifests the significant effect of the lagged value of the tax revenue. In the short term, growth of the gross domestic product and population by 1% causes higher changes in the tax revenue of 0.14% and 2.93%. Likewise, growth of the inflation rate by 1% decreases the tax revenue by 0.037%, which is higher than in the long term. Further, the results show that EU enlargement is significant for tax revenue in the short term, as well as in the long term. In the long term, unemployment has a greater significant effect on tax revenue, where 1% growth decreases the tax revenue by 0.15%. In contrast, government revenue is significant for tax revenue only in the long term, where 1% growth increases the tax revenue by 0.77%.

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Section: Literature Reviewmentioning

confidence: 85%

Modeling Tax Revenue Determinants: The Case of Visegrad Group Countries

Đurović Todorović,

Đorđević,

Mirović

et al. 2024

Economies

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“…Empirical works mainly try to find out the tax revenue determinants at both cross‐country and single country set‐up. In respect of determinants, the literature can be divided into two strands, Literature that deals with economic determinants of tax revenue (Adam, Bevan, & Chambas, 2001; Ade, Rossouw, & Gwatidzo, 2018; Agbeyegbe, Stotsky, & WordeMariam, 2004; Andrejovská & Puliková, 2018; Asghar & Mehmood, 2017; Basirat, Aboodi, & Ahangari, 2014; Baunsgaard & Keen, 2010; Jaffri, Tabassum, & Asjed, 2015; Karimi, Kaliappan, Ismail, & Hamzah, 2016; Mawejje & Francis Munyambonera, 2016; Mossie, 2016; Muibi & Sinbo, 2013; Neog & Gaur, 2020; Zarra‐Nezhad et al (2016) and Literature that investigates political and socio‐economic determinants of tax revenue (Dobrovič, Rajnoha, & Korauš, 2018; Gaalya, Edward, & Eria, 2017; Ghani, 2011; Gupta, 2007; Rodríguez 2018; Yogo & Ngo Njib, 2018). …”

Section: Literature Reviewmentioning

confidence: 99%

Shadow economy, corruption, and tax performance: A study of BRICS

Neog

Gaur

2020

Journal of Public Affairs

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In this paper, we analyse the effects of economic and political variables on tax revenue performance of BRICS for the period 1996–2017. After checking unit root and cointegration of the variables, this study employs fully modified ordinary least square (FMOLS) to investigate long‐run impacts of the explanatory variables. Empirical results suggest us that, economic development, trade openness and control of corruption are revenue‐enhancing factors for BRICS, whereas the agriculture sector discourages the tax revenue performance. However, the size of the shadow economy in BRICS undermines the productive implication of corruption control and economic development in revenue generation. Based on the results, few policy options are also discussed in this paper.

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“…The economic growth of developing countries gets adversely affected due to reduction in tax collection owing to corruption (Neog & Gaur, 2020). GST has been introduced with a purpose to reduce tax evasion by enhancing transparency in the transactions.…”

Section: Literature Surveymentioning

confidence: 99%

Benefits of Goods and Services Tax implementation in India: An analytical hierarchy process approach

Maheshwari

Mani

2020

Journal of Public Affairs

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The purpose of this study is to empirically analyze the benefits of Goods and Services Tax (GST) implementation in India from the perspective of various stakeholders. The study has reviewed the existent literature to find out various benefits of GST implementation in India. Thirteen benefits identified are then analyzed through analytical hierarchy process (AHP) technique. The respondents compared and ranked pairwise parameters on a 9‐point scale. The responses collected from 30 stakeholders and have been analyzed to calculate the relative importance of each parameter. The findings provide major, intermediate, and minor benefits of GST implementation which can be utilized by various researchers and policymakers for academic and administrative purposes. The outcome of the study reveals that “elimination of cascading effect” and “enhancement of threshold limit” have utmost importance and GST once fully implemented will benefit the economy in the long run.

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Macro-economic determinants of tax revenue in India: an application of dynamic simultaneous equation model

Cited by 13 publications

References 42 publications

Modeling Tax Revenue Determinants: The Case of Visegrad Group Countries

Modeling Tax Revenue Determinants: The Case of Visegrad Group Countries

Shadow economy, corruption, and tax performance: A study of BRICS

Benefits of Goods and Services Tax implementation in India: An analytical hierarchy process approach

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