Impact of Macroeconomic Variables on Tax Revenues – Empirical Study Using the VEC Model
Impact of Macroeconomic Variables on Tax Revenues – Empirical Study Using the VEC Model
Author(s): Robert MatusiakSubject(s): Economy, Public Finances
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: tax income; VEC; gross domestic product; government expenditure; consumption; investments; turnover balance
Summary/Abstract: Tax revenues are an important determinant of the growth and economic development of each country. It is important to learn about the impact of gross domestic product, government expenditure, investments, exports, and imports on tax revenues in Poland. Considering statistically significant tax revenues and the form of data as the quarterly time series from the years 2002–2018, the VEC model was selected as a test method. This study aims to develop a VEC model with an optimal lag to analyse the relationship between tax revenues and gross domestic product, investments, government expenditure, exports, and imports.
Journal: Annales Universitatis Mariae Curie-Skłodowska, Sectio H Oeconomia
- Issue Year: LII/2018
- Issue No: 5
- Page Range: 39-46
- Page Count: 8
- Language: English