Analysis of Non-tax Revenue: Evidence from the European Union

Volkan Yurdadog, Neslihan Coskun Karadag, Murat Albayrak () and Oguzhan Bozatli
Additional contact information
Volkan Yurdadog: University of Cukurova, Adana, Turkey
Neslihan Coskun Karadag: University of Cukurova, Adana, Turkey
Murat Albayrak: University of Cukurova, Adana, Turkey
Oguzhan Bozatli: University of Osmaniye Korkut Ata, Osmaniye, Turkey

The AMFITEATRU ECONOMIC journal, 2022, vol. 24, issue 60, 485

Abstract: The challenges states face in reducing government expenditures under certain budget constraints are putting pressure on states to increase their revenues. Given that taxation also has a limit, the importance of non-tax revenues (NTR) in financing growing government expenditures increases day by day. In this sense, our study first analyzes the historical and theoretical foundations of NTR in the European Union (EU). Subsequently, from 1995 to 2018, NTR's determinants and their interrelationships were analyzed using panel data analysis and panel causality methods. The findings point to statistically significant and robust effects of general and central government expenditures (except local government expenditures), tax revenues, and GDP on the NTR. According to panel causality results, there is unidirectional causality from independent variables (General, Central and Local Government Expenditure, Tax Revenue, GDP) to NTR, and unidirectional causality from NTR to independent variables (except GDP). In other words, there is bidirectional causality between NTR and independent variables, except for GDP.

Keywords: Non-Tax Revenue; Panel Data Analysis; Panel Causality; European Union (search for similar items in EconPapers)
JEL-codes: C23 H20 H27 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.amfiteatrueconomic.ro/temp/Article_3113.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:24:y:2022:i:60:p:485

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().