Necessary Adjustments in Economic Policy

2019 ◽  
Vol 8 (1) ◽  
pp. 46-52
Author(s):  
М. Сидоров ◽  
M. Sidorov ◽  
В. Гарнова ◽  
V. Garnova
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Value Added ◽  
Value Added Tax ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

The factors of economic growth are considered, the indicators of export-import in the industry are analyzed, the impact of value added tax on the growth of production is estimated, the relationship of budget indicators for 2019–2021 with the development of entrepreneurship in the country is determined.

scholarly journals An Application for the Impact of the Agricultural Labor Force and Employment Structure on the Economic Growth in Turkey

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Işıl Tellalbaşı Mengüç ◽  
Keyword(s):  
Economic Growth ◽  
Value Added ◽  
Added Value ◽  
Agricultural Labor ◽  
Country Report ◽  
Agricultural Employment ◽  
Negative Effect ◽  
The Impact ◽  
The Relationship ◽  
Effect On Growth

In this research, agricultural employment and labor structure in Turkey between the years 1991-2019 aimed to investigate the impact on economic growth. In this framework, the relationship between agricultural employment (TI), agricultural male employment (TEI) and agricultural value added (TKD) and growth was analyzed using the World Bank Country Report. According to the results obtained in the study, the relationship of all three parameters with GDP is statistically highly significant (p <0.05). However, when the analysis is repeated as year-controlled, the effect of agricultural added value on GDP becomes statistically insignificant (p> 0.05). The regression analysis results showed that only the TI variable, that is, the agricultural employment variable, had a significant effect on growth (p <0.05). Apart from this, there is no statistically significant effect of male employment and agricultural value added parameters on growth in agriculture (p> 0.05). Increased employment in agricultural production in Turkey, has a negative effect on growth. It can be stated that the main reasons for this are that there are not enough agricultural innovations, modernization and technological developments.

scholarly journals An Application for the Impact of the Agricultural Labor Force and Employment Structure on the Economic Growth in Turkey

2021 ◽  
Author(s):  
Işıl Tellalbaşı Mengüç
Keyword(s):  
Economic Growth ◽  
Value Added ◽  
Added Value ◽  
Agricultural Labor ◽  
Country Report ◽  
Agricultural Employment ◽  
Negative Effect ◽  
The Impact ◽  
The Relationship ◽  
Effect On Growth

In this research, agricultural employment and labor structure in Turkey between the years 1991-2019 aimed to investigate the impact on economic growth. In this framework, the relationship between agricultural employment (TI), agricultural male employment (TEI) and agricultural value added (TKD) and growth was analyzed using the World Bank Country Report. According to the results obtained in the study, the relationship of all three parameters with GDP is statistically highly significant (p &lt;0.05). However, when the analysis is repeated as year-controlled, the effect of agricultural added value on GDP becomes statistically insignificant (p&gt; 0.05). The regression analysis results showed that only the TI variable, that is, the agricultural employment variable, had a significant effect on growth (p &lt;0.05). Apart from this, there is no statistically significant effect of male employment and agricultural value added parameters on growth in agriculture (p&gt; 0.05). Increased employment in agricultural production in Turkey, has a negative effect on growth. It can be stated that the main reasons for this are that there are not enough agricultural innovations, modernization and technological developments.

scholarly journals THE IMPACT OF STANDARD VALUE ADDED TAX ON ECONOMIC GROWTH IN CEE-5 COUNTRIES: ECONOMETRIC ANALYSIS AND SIMULATIONS

2016 ◽  
Vol 22 (6) ◽  
pp. 850-866 ◽  
Author(s):  
Mihaela SIMIONESCU ◽  
Lucian-Liviu ALBU
Keyword(s):  
Economic Growth ◽  
Linear Models ◽  
Random Effect ◽  
Random Effect Model ◽  
Value Added ◽  
Positive Influence ◽  
Value Added Tax ◽  
Short Run ◽  
The Impact ◽  
Panel Vector Autoregression

The value added tax (VAT), as an instrument of fiscal policy, might have an important role on economic growth. This study analyzes the impact of standard VAT rate on economic growth in five Central and Eastern European countries (CEE-5) (Bulgaria, Czech Republic, Hungary, Poland and Romania). Different types of panel data models (random effect model, dynamic panel and panel vector-autoregression) over 1995–2015 indicated a positive influence of VAT rate on economic growth. There is a bilateral Granger causality between economic growth and VAT rate. The Bayesian linear models indicate a positive effect of VAT rate on GDP rate only for Hungary. On short-run, the other countries register lower GDP rates when VAT rates increase. Some simulations of economic growth for 2016 and 2018 were made for each CEE-5 country under different assumptions regarding VAT rate values.

scholarly journals The Effect of Foreign Direct Investment on Indonesia’s Economic Growth

2016 ◽  
Vol 1 (2) ◽  
pp. 18-24
Author(s):  
Abdul Hadi Ilman
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Series Data ◽  
Linear Regression Method ◽  
Domestic Investment ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

The relationship of Foreign Direct Investment (FDI) on economic growth is one of the most debatable topic in economic. This study is aiming to investigate the impact of FDI on economic growth in Indonesia. This research using linear regression method which base on time series data from 1981 to 2012. A Major finding is there is no special relationship between FDI and economic growth, both directly and indirectly. Moreover, FDI does crowd-in the domestic investment and is no significance evidence to prove that FDI is more efficient on economic growth than domestic investment.

scholarly journals Relationship between VAT Revenue and Intermediate Consumption - A VAR Approach

2019 ◽  
Vol 1 (1) ◽  
pp. 355-373
Author(s):  
Victor Ogneru ◽  
Oana Mădălina Popescu ◽  
Stelian Stancu
Keyword(s):  
Policy Development ◽  
Production Capacity ◽  
Value Added ◽  
Tax Revenue ◽  
Value Added Tax ◽  
Tax Base ◽  
Hidden Economy ◽  
Intermediate Consumption ◽  
The Impact ◽  
The Relationship

Abstract The paper analyzes the relationship between value added tax revenue and intermediate consumption in the case of Romania in the period January 2007 – September 2018 (quarterly data), using an unrestricted Vector Autoregression Model based on the rate of dynamic taxation’s level (in terms of value added tax revenue) and the rate of dynamic intermediate consumption. In literature, is questioned only the relationship between tax revenue and gross domestic product. Our study emphasizes the link between tax revenue and parts of the own tax base. The relationship is questioned in both directions, namely with respect to the manner in which value added tax affect intermediate consumption and in terms of the influence of intermediate consumption on value added tax revenue in the case of Romania. Given that a significant part of the corporate taxpayers have left the value added tax regime, intermediate consumption is considered instead of final consumption. The analysis is focused on a specific relationship in order to assess the general impact of indirect taxation on production capacity of the undertakings. Our findings reveal that there is not a direct relationship between intermediate consumption and value added tax revenue at the level of Romania despite a such relationship at the EU-28 level. Moreover, in the case of Romania a high volatility of intermediate consumption was found. Both the breakage between tax revenue and his tax base, and volatility of the tax base suggest an influence of hidden economy. For future concerns about tax policy development, a specific model for estimating and forecasting value added tax revenue should be developed for Romania. On the other hand, based on the findings of this study, a model can be developed to assess the impact of the hidden economy on the value added tax revenue.

scholarly journals Optimal government size and economic growth in Spain. Evidences through the Armey Curve (1980-2016).

2019 ◽  
Vol 6 (12) ◽  
pp. 140-146
Author(s):  
Carlos Navarro
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Public Expenditure ◽  
Analytical Tool ◽  
Government Size ◽  
Spanish Economy ◽  
Policy Proposal ◽  
The Public ◽  
Relationship Of ◽  
The Relationship

This study analyzes the effect of public expenditure on economic growth for the Spanish economy, in the period between 1980 and 2016. The Armey curve is used as an analytical tool to describe the relationship between the two variables indicated. The two objectives of this study are check if there is a quadratic relationship of this kind between the two variables for the Spanish economy, as predicted by the model, and there, calculate their optimum. The empirical findings indicate the existence of a significant relationship inverted U-shaped between the two variables in the Spanish economy, obtaining an optimal public expenditure in Spain of 40.07% of GDP, 5.07% lower than the size of the public sector by 2016. Based on these results, an economic policy proposal could be the need to reduce the percentage of public expenditure with the goal of attaining greater efficiency in the Spanish economy.

scholarly journals Evaluating the impact of value added tax on the economic growth of Nigeria

2016 ◽  
Vol 8 (6) ◽  
pp. 59-65 ◽  
Author(s):  
Mukhtar Gatawa Nasiru ◽  
Mohammed Aliero Haruna ◽  
Muhammad Aishatu Abdullahi
Keyword(s):  
Economic Growth ◽  
Value Added ◽  
Value Added Tax ◽  
The Impact

scholarly journals The Impact of Economic Growth on the Dynamics of Enterprises: Empirical Evidence for Slovenia's Non-agricultural Sector

Organizacija ◽  
2010 ◽  
Vol 43 (4) ◽  
pp. 154-162 ◽  
Author(s):  
Dijana Močnik
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
Empirical Evidence ◽  
Agricultural Sector ◽  
Value Added ◽  
Natural Rate ◽  
Entry Rate ◽  
The Impact ◽  
The Relationship

The Impact of Economic Growth on the Dynamics of Enterprises: Empirical Evidence for Slovenia's Non-agricultural SectorThe aim of this paper was to test the hypothesized U-shaped relationship between economic development and dynamics of enterprises. The dynamics of enterprises is influenced by the achieved economic development. This paper first analyzed the association between the regional gross value added (GVA) growth rate and different measures of enterprises dynamics from Slovenian data from 2000 to 2005. Our graphical analyses indicated that 1) the rate of gross entry and GVA growth rate were linearly and negatively associated; 2) the association between the rate of gross exit and GVA growth rate is best represented by the downward U-shape function (Ç); and 3) a U-shaped association exists between the rate of net entry and GVA growth rate. The size of the impact was estimated using the regression analysis between the net entries as dependent variable and GVA growth as independent variable that showed the best fit. According to the results, 1) economic growth significantly impacts net entries; 2) the hypothesized U-shaped relationship between net entries and economic growth was confirmed as the Slovenian net entries decrease until the GVA growth rate reaches 10% yet increase when the growth in GVA is higher than 10%; and 3) a ‘natural rate’ of entrepreneurship is to some extent governed by ‘laws’ related to the economic growth rate. The results further indicate that the average net entry rate should be increased by 0.787 units (%) as a result of a region's specific environmental factors. This research confirms the theoretical assumptions that have previously been sparsely tested empirically and even rarely supported by results. Therefore, our results represent a contribution to the robustness of the theoretical as well as empirical clarification of the relationship between entrepreneurship and economic development.

scholarly journals VAR MODEL UNTUK ANALISIS FOREIGN DIRECT INVESTMENT DI INDONESIA

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Dede Ruslan
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rates ◽  
Var Model ◽  
Original Question ◽  
The Interest Rate ◽  
Relationship Of ◽  
The Impact ◽  
Model Correlation ◽  
The Relationship

Vector Autoregresive model is used to gives a more comprehensive view of how the relationship of FDI to economic growth, trade, exchange rate, the output value of the industry, and the interest rate in Indonesia. This study provides empirical evidence about the relationship which are interrelated to each other among the variables analyzed. By using VAR can analyze the impact of FDI on economic growth with other variables. The empirical results of whole analysis to give an answer to the original question posed in this study relate to how economic growth has been achieved, what the role of FDI and other spillovers in this process. Through the VAR model, the interdependence between the variables FDI, GDP, Trade, Industrial Output Value, Exchange Rate and Interest rates have been investigated in long-term relationships through cointegrating vectors and the short-term impact of the VAR model. Correlation of dynamic variables have been captured by the analysis of variance decomposition and impulse response.

scholarly journals Indirect Tax and Economic Growth in Nigeria: The Case of VAT

2019 ◽  
pp. 61-66
Author(s):  
OBAYORI, Joseph Bidemi ◽  
OMEKWE, Sunday Omiekuma Paul
Keyword(s):  
Economic Growth ◽  
Tax Evasion ◽  
Unit Root Test ◽  
Value Added ◽  
Secondary Data ◽  
Value Added Tax ◽  
Long Run ◽  
Integration Test ◽  
The Impact ◽  
Excise Duties

This paper empirically investigated the impact of value added tax (VAT) on economic growth in Nigeria from 1994–2018. This was done against the background that VAT as an indirect tax was introduced by the Federal Government of Nigeria in 1993 to replace sales tax with the sole aim of increasing the revenue base of government and make funds available for developmental purposes. The aim of the study is to examine the effect of value added tax on economic growth in Nigeria and determine the impact of other tax revenues particularly, custom and excise duties on economic growth in Nigeria. Thus, secondary data on GDP, VAT revenues, custom and excise duties were sourced from CBN statistical bulletin. Also, ARDL technique was used to analyze data. The variables were subjected to ADF unit root test prior the ARDL and found to be stationary. The ARDL co-integration test showed that there is a long run association amongst the variables. The ARDL short run result showed that the value of VAT has a positive relationship with economic growth in Nigeria. Also, custom and excise duties revenue positively impacted on economic growth in Nigeria. Hence, it was concluded that Value Added Tax (VAT) as an indirect tax system in Nigeria has direct relationship with economic growth in Nigeria since its inception in 1994. It has contributed to the total revenue of the nation as a result of reduction in tax evasion. Based on the findings, the paper recommended that government should put in place adequate measure to ensure that revenue generated from VAT is effectively utilized to develop and grow the economy in order to better the lives of the citizenry.

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