Impact of Macroeconomic Variables on Tax Revenues – Empirical Study Using the VEC Model

Robert Matusiak

Abstract


Tax revenues are an important determinant of the growth and economic development of each country. It is important to learn about the impact of gross domestic product, government expenditure, investments, exports, and imports on tax revenues in Poland. Considering statistically signifiant tax revenues and the form of data as the quarterly time series from the years 2002–2018, the VEC model was selected as a test method. This study aims to develop a VEC model with an optimal lag to analyse the relationship between tax revenues and gross domestic product, investments, government expenditure, exports, and imports.

Keywords


tax income; VEC; gross domestic product; government expenditure; consumption; investments; turnover balance

Full Text:

PDF

References


Engle R. F.; Granger C., Co-Integration and Error Correction: Representation, Estimation, and Testing, “Econometrica”, 1987, Nr 55/2.

Gaudemet P.M., Molinier J., Finanse publiczne, PWE, Warszawa 2000.

Gomułowicz A., Małecki J., Podatki i prawo podatkowe, LexisNexis, Warszawa 2004.

Granger C., Testing for causality: A personal viewpoint, “Journal of Economic Dynamics and Control”,1980, Nr 1.

Johansen S., Juselius K., Maximum Likelihood Estimation and Inference on Cointegration—With Applications to the Demand for Money, “Oxford Bulletin of Economics and Statistics”, 1980, 52/2.

Kusideł E., Modele wektorowo-autoregresyjne VAR. Metodologia i zastosowywania, Absolwent, Łódź 2000.

Osińska M., Ekonometria finansowa, PWE, Warszawa 2006.

Owsiak S., Finanse publiczne. Teoria i praktyka, PWN, Warszawa, 2005.

Romer C.D, Romer D.H., The macroeconomic effects of tax changes: estimates based on a new measure of fiscal shocks, “The American Economic Review”, 2010, Nr 100/3.

Stempińska J., Osińska M. Kośko M., Ekonometria współczesna, Dom Organizatora, Toruń 2007.

Szczodrowski, G., Polski system podatkowy, Warszawa, PWN, 2007.

Ustawa z dnia 27 sierpnia 2009 r. o finansach publicznych z dnia 27 sierpnia 2009 r. (tekst jednolity Dz. U. z 2017 r. poz. 2077, z 2018 r. poz. 62, 1000, 1366.).




DOI: http://dx.doi.org/10.17951/h.2018.52.5.39-46
Date of publication: 2019-05-10 10:46:35
Date of submission: 2018-08-02 12:53:44


Statistics


Total abstract view - 831
Downloads (from 2020-06-17) - PDF - 0

Indicators



Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Robert Matusiak

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.