Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Mehmet Hanefi TOPAL

Konular:-

DOI:10.25272/j.2147-7035.2017.5.3.13

Anahtar Kelimeler:Tax Structure,Long-run Economic Growth,Fiscal Policy,OECD,Cross-sectional Dependence

Özet: The aim of this paper is to investigate the impact of tax structure on long-run economic growth for the period 1971 - 2014 of twenty-two OECD countries. There is a large number of studies on this issue. Besides, the acquired results vary depending on differences of empirical methodology. Also, a limited number of previous studies take in consideration the cross-sectional dependence in the panel. In this article panel causality and dynamic panel estimation methods that show regard to the cross-sectional dependence are used. The empirical findings indicate that consumption indirect taxes have a positive impact and that tax levels with income and property direct taxes have a negative impact on long-run economic growth. These robust estimation results, on the one hand, support the claim that consumption taxes are nondistortionary taxes for long-run economic growth, and on the other hand, can not provide any empirical evidence about the claim that property taxes are growth-friendly taxes.

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