Revenue Oriented Fiscal Consolidation in the Function of Sustainable Growth

Uran Radoniqi (), Abdylmenaf Bexheti () and Liridona Lutfiu Seferi ()
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Uran Radoniqi: South East European University
Abdylmenaf Bexheti: South East European University
Liridona Lutfiu Seferi: South East European University

A chapter in Economic Recovery, Consolidation, and Sustainable Growth, 2023, pp 105-121 from Springer

Abstract: Abstract In the aftermath of COVID-19 crisis, high inflation, the rise of public debt for more than 10% of GDP worldwide and energy crisis due to war in Ukraine, governments seem to have no other choice but fiscal consolidation. This paper aims to identify the composition of fiscal consolidation through interventions on the revenue side from the perspective of Kosovo. To achieve its aim, this study will employ structural vector autoregressive model to obtain results for the short-term period and will employ vector error correction model to obtain results for the long-term period. This paper concludes that the reforms in a possible fiscal consolidation in Kosovo should be oriented in personal income taxes and corporate income taxes.

Keywords: Direct taxes; Public revenues; Fiscal policies; SVAR; VECM (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-42511-0_7

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DOI: 10.1007/978-3-031-42511-0_7

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