Macroeconomic Determinants of Tax Revenues: An Application on The OECD Countries

Önder Çalcalı and Ali Altıner
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Önder Çalcalı: Recep Tayyip Erdogan University
Ali Altıner: Recep Tayyip Erdogan University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2019, vol. 34, issue 112, 175-198

Abstract: In this study, it is aimed to examine the determinants of tax revenues in selected 16 OECD countries. For this purpose, panel data analysis was performed by using the data of 1991-2015 period. After analyzing the cross-sectional dependence and stability, long-term relationships between the series were investigated by using the Durbin- Hausman cointegration test. According to the results of the coefficient estimation made by the panel AMG method, ıt was seen that the effect of macroeconomic determinants on tax revenues differs from one country to another. Unemployment and economic growth on tax revenues were found to have no effect in the majority of countries. Moreover, it was determined that inflation is a negative effect and economic globalization has a positive effect on tax revenues in most countries.

Keywords: Tax Revenue; Economic Growth; Panel Data Analysis; OECD Countries. (search for similar items in EconPapers)
JEL-codes: E62 H20 H21 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:34:y:2019:i:112:p:175-198

DOI: 10.33203/mfy.492060

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