Investigating Effects of Banking and Stock Market Activities on Tax Revenues in Iran
Ahmad Assadzadeh () and
Yasaman Fouman Ajirlou ()
Additional contact information
Ahmad Assadzadeh: Associate Professor of Economics, University of Tabriz
Yasaman Fouman Ajirlou: M.A Student in Economics, University of Tabriz, yasaman
Quarterly Journal of Applied Theories of Economics, 2017, vol. 4, issue 1, 149-172
Even though, the revenue from the sales of crude oil has accounted for much of the state's revenues, tax revenues, on the other hand contributes to a large and growing share of the government budget. Based on the literature, the financial system has an important influence on economic growth and hence the study of the empirical relationship between financial system and tax revenues is vital and will help policy makers in achieving the objectives of economic growth and reducing the country’s dependence on oil revenues. The purpose of this research is to study the effect of banking and stock market activities on the tax revenues in Iran. In this regard, an Auto Regressive Distributed Lag Model was used applying seasonal data for 2000-2013 period. The results of the model estimation revealed different effects of banking and stock market activities on the tax revenues.The results indicated that banking and stock market activities had a significant and positive effect on tax revenues.
Keywords: Banking activities; Stock exchange; Tax revenues; ARDL (search for similar items in EconPapers)
JEL-codes: H24 O16 O40 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://ecoj.tabrizu.ac.ir/article_6124_695f71f8eab59b97830c54078032181b.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:qjatoe:0069
Access Statistics for this article
Quarterly Journal of Applied Theories of Economics is currently edited by Sakineh Sojoodi
More articles in Quarterly Journal of Applied Theories of Economics from Faculty of Economics, Management and Business, University of Tabriz Contact information at EDIRC.
Bibliographic data for series maintained by Sakineh Sojoodi ().