The Causality Relationship Between Tax Revenues and Gross Domestic Product in the Republic of Croatia

Sabina Hodžić ()
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Sabina Hodžić: University of Rijeka, Faculty of Tourism and Hospitality Management

Chapter 2 in Financije teorija i suvremena pitanja = Finance - theory and contemporary issues, 2018, vol. 1, pp 21-39 from Josip Juraj Strossmayer University of Osijek, Faculty of Economics

Abstract: As a member state of the European Union, the Republic of Croatia must pay particular attention to all aspects of their fiscal relations with the European Union. This includes legal adjustments within the fiscal policy as well as the implementation and funding of certain programmes. The aim of this paper is to investigate the causality relationship between and the influence of total tax revenues on the gross domestic product of the Republic of Croatia in the period between 2005 and 2015. The ordinary least squares method was used to demonstrate the dependence of gross domestic product, as well as of final consumption and export of goods and services, on tax revenues in the Republic of Croatia in the period considered. Based on research results, it is concluded that the dependence of gross domestic product on tax revenues is not sustainable in the long term when it comes to the country’s growth and development.

Keywords: fiscal policy; tax revenues; gross domestic product; Republic of Croatia (search for similar items in EconPapers)
JEL-codes: H20 H50 O23 (search for similar items in EconPapers)
Date: 2018
ISBN: 978-953-253-150-3
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Persistent link: https://EconPapers.repec.org/RePEc:osi:chaptr:18-02

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