scholarly journals Cointegration analysis of indirect taxes and economic growth in the Republic of Serbia

2020 ◽  
pp. 3-10
Author(s):  
Branimir Kalaš ◽  
Vera Mirović ◽  
Jelena Andrašić
Keyword(s):  
Gross Domestic Product ◽  
Value Added ◽  
Cointegration Analysis ◽  
Cointegration Test ◽  
Domestic Product ◽  
Value Added Tax ◽  
Long Run ◽  
Indirect Taxes ◽  
Per Capita ◽  
The Republic

This research examines the relationship between indirect taxes and gross domestic product per capita in the Republic of Serbia from 2005 to 2019. The aim of this paper is to evaluate the long-run relationship between value added tax, excises and gross domestic product per capita based on Johansen cointegration test. The empirical analysis includes descriptive statistics, unit root test, cointegration test and FMOLS model. The results reveal a long-run relationship between indirect taxes such as value added tax and excises and the gross domestic product per capita in the Republic of Serbia for the observed period. Empirical findings confirm that revenues of value added tax and excises have positive and significant effect on the gross domestic product per capita in the long-run.

scholarly journals An analysis of the relationship of inflation and unemployment to the gross domestic product (gdp) in zimbabwe

2014 ◽  
Vol 1 (3) ◽  
pp. 156-162
Author(s):  
Tendai Makoni
Keyword(s):  
Time Series ◽  
Gross Domestic Product ◽  
Cointegration Test ◽  
Domestic Product ◽  
Long Run ◽  
Causality Tests ◽  
Granger Causality Tests ◽  
Relationship Of ◽  
The Relationship ◽  
Yearly Data

The time series yearly data for Gross Domestic Product (GDP), inflation and unemployment from 1980 to 2012 was used in the study. First difference of the logged data became stationary as suggested by the time series plots. Johansen Maximum Likelihood Cointegration test indicated a long-run relationship among the variables. Granger Causality tests suggested unidirectional causality between inflation and GDP, implying that GDP is Granger caused by inflation in Zimbabwe. Another unidirectional causality was noted between unemployment and inflation. The causality between unemployment and inflation imply that unemployment do affect GDP indirectly since unemployment influences inflation which in turn positively affect GDP.

The relationship between energy consumption and gross domestic product in Hong Kong (1992–2015): Evidence from sectoral analysis and implications on future energy policy

2019 ◽  
Vol 31 (2) ◽  
pp. 215-236
Author(s):  
Ruixiaoxiao Zhang ◽  
Geoffrey QP Shen ◽  
Meng Ni ◽  
Johnny Wong
Keyword(s):  
Time Series ◽  
Energy Consumption ◽  
Gross Domestic Product ◽  
Causal Relationship ◽  
Granger Causality ◽  
Value Added ◽  
Granger Causality Test ◽  
Domestic Product ◽  
Causality Test ◽  
Per Capita

The causal relationship between energy consumption and gross domestic product in Hong Kong from 1992 to 2015 is investigated in this study. Different from the previous studies focusing on the causal relationship between total energy consumption and total gross domestic product per capita, this study further investigates the causal relationship from sectoral perspective, including residential, commercial, industrial and transportation sectors. For each sector, the time series data of sectoral energy consumption and sectoral per capita value added are collected. To conduct the Granger causality test, the unit root test is first applied to analyse the stationarity of time series. The cointegration test is then employed to examine whether causal relationship exists in long-term. Finally, based on the aforementioned tests, both vector error correction model and vector autoregression model can be selected to determine the Granger causality between time series. It is interesting to find that the sectoral energy consumption and corresponding sectoral per capita value-added exhibit quite different causal relationships. For both residential sector and commercial sectors, a unidirectional causal relationship is found running from the sectoral per capita value added to sectoral energy consumption. Oppositely, for industrial sector and transportation sector, a unidirectional causal relationship is found running from sectoral energy consumption to sectoral per capita value added. Regarding the Granger causality test results, the indicative suggestions on energy conservation policies, energy efficiency policies and greenhouse gas emission reduction policies are discussed based on the background of Hong Kong’s economic structure and fuel types.

scholarly journals VAT Gap Estimation and Influence of Selected Methods of Financial Administration on its Reduction

2021 ◽  
Vol 12 (1) ◽  
pp. 45-60
Author(s):  
Lukáš Moravec ◽  
Jana Hinke ◽  
Monika Borsiczká
Keyword(s):  
Czech Republic ◽  
Gross Domestic Product ◽  
Value Added ◽  
Domestic Product ◽  
National Accounts ◽  
Value Added Tax ◽  
The Czech Republic ◽  
Tax Gap ◽  
Tax Fraud ◽  
Financial Administration

Abstract The aim of this contribution is to quantify the influence of selected methods on elimination of value added tax gap in the Czech Republic within the researched period 2015–2016. To find a possible share of influence of the VAT control statement on tax fraud following priority methods were set: VAT control statement invitation, initiatives from pairing check reports, tax checking and procedures for doubt removal. By quantifying these methods, the values of theoretical benefits are measured and further compared with value added tax gap within the researched period. To set the VAT gap estimation a method was used that calculates via cleaning gross domestic product based on the database of national accounts. By using this approach it was found out that with the influence of selected methods of financial administration there was a tax gap decrease in 2015 by 5.54% and for 2016 by 4.00%.

scholarly journals Empirical Analysis of House Price Bubble: A Case Study on Malaysia

2016 ◽  
Vol 11 (12) ◽  
pp. 127
Author(s):  
Fong Kean Yan ◽  
Yap Lya Keng ◽  
Kwek Kien Teng
Keyword(s):  
Gross Domestic Product ◽  
House Prices ◽  
House Price ◽  
Domestic Product ◽  
Price Bubble ◽  
Long Run ◽  
Residential Properties ◽  
Short Run ◽  
Per Capita ◽  
House Price Bubble

The main objective of this research is to investigate the relationship between house price with macroeconomics variables - Gross Domestic Product per capita, inflation rate, Base Lending Rate and amount of household loan disbursed for purchase of residential properties. We try to use these variables to examine if they could trigger a housing bubble to burst in Malaysia. Granger Causality results show that there is univariate relationship from house price to Gross Domestic Product per capita. Though house price and other macroeconomics variables do not Granger–cause each other in short run, but these variables are cointegrated in the long run, i.e. there is no evidence of house price bubble in Malaysia. We suggest that soaring house prices in Malaysia is being supported by the large inflow of foreign funds into the housing sector and the unresponsive supply of houses.

South Korea's Economy: Moderate Expansion Fuelled by Stimulus Policies

2016 ◽  
Vol 08 (01) ◽  
pp. 144-156
Author(s):  
Min-Hua CHIANG
Keyword(s):  
Middle East ◽  
Gross Domestic Product ◽  
Government Spending ◽  
Private Consumption ◽  
Value Added ◽  
High Technology ◽  
Middle East Respiratory Syndrome ◽  
Domestic Product ◽  
Intermediate Goods ◽  
Long Run

South Korea's gross domestic product expanded 2.6% in 2015, from 3.3% in 2014. The feeble private consumption following the Middle East respiratory syndrome outbreak and slumping exports held down growth. The unclear export prospect has led Korean policymakers to remain dependent on extra government spending for maintaining growth in 2016. In the long run, its growth will depend on its shift from exporting intermediate goods to high technology intensive products and high value-added services.

Revisiting the housing market dynamics and its fundamentals: new evidence from Cyprus

2020 ◽  
Vol 47 (1) ◽  
pp. 200-216 ◽  
Author(s):  
Andrew Adewale Alola
Keyword(s):  
Gross Domestic Product ◽  
Housing Market ◽  
Urban Population ◽  
House Price ◽  
Producer Price ◽  
Content Type ◽  
Long Run ◽  
Per Capita ◽  
The Republic ◽  
Republic Of Cyprus

PurposeStudies have shown that economic expansion is characterized by the activities in the productive and industrial sectors. And, recently, the Republic of Cyprus has consistently experienced a relative economic growth. In this light, the current study revisits the dynamics of the housing market and its fundamentals for Cyprus using the quarterly data from 2005Q1 to 2016Q4.Design/methodology/approachProducer price and industrial production indices were employed along with the gross domestic product per capita and urban population as control variables. The empirical technique employed is the dynamic and fully modified ordinary least square approaches where unobserved factors are potentially controlled.FindingsEmpirical evidence of long-run relationship exists between the observed indicators and the house price. Indicatively, statistical evidence reveals a positive and significant long-run relationship between the producer price index and the house price. In a similar manner, there is a strongly significant but a negative long-run nexus of industrial production index and the house price. And, expectedly, the observed long-run nexus of the house price and each of real gross domestic product per capita and the urban population is positive and significant. Interestingly, there exists significant unidirectional Granger causality from each of the independent variables to the housing price. Lastly, the robustness check and the diagnostic test of the investigation suggest a very consistent result and stable model with no problems of serial correlation and heteroskedasticity.Research limitations/implicationsThe fragility of Cyprus's housing market suggests the need for the adoption of an effective policy framework.Originality/valueAlthough the housing market has been studied in the context of the Republic of Cyprus, the novelty is hinged on the joint incorporation of the industrial and producer price indices in a housing model of the study.

scholarly journals Determinants of External Debt in Jordan: An Empirical Study (1990–2014)

2016 ◽  
Vol 9 (7) ◽  
pp. 116 ◽  
Author(s):  
Torki M. Al-Fawwaz
Keyword(s):  
Exchange Rate ◽  
Empirical Study ◽  
Gross Domestic Product ◽  
Trade Openness ◽  
External Debt ◽  
Domestic Product ◽  
Annual Data ◽  
Independent Variables ◽  
Long Run ◽  
Per Capita

<p>This study aimed at investigating the major determinants influencing the external debt in Jordan during the period (1990-2014).</p><p>To achieve this goal, annual data has been used during the period study, through applying ARDL model which consist of the dependent (external debt) and independent variables (trade openness, term of trade, exchange rate, and gross domestic product per capita).</p><p>The study reviled that there is a positive statistically significant effect trade variable on the external debt in the long run, and a negative statistically significant effect for the gross domestic product per capita variable (GDPpc) on the external debt.</p><p>The study recommended that it is very important to depend on the available recourses in trading rather that depend on external debt.</p>

scholarly journals TAXES TO DIGITAL BUSINESS IN MEXICO

2021 ◽  
Vol 33 (1) ◽  
pp. 245-255
Author(s):  
Germán Martínez-Prats
Keyword(s):  
Gross Domestic Product ◽  
Public Spending ◽  
Value Added ◽  
Domestic Product ◽  
Value Added Tax ◽  
Tax Collection ◽  
The Creation ◽  
Lodging Services

Tax collection is the pillar of public spending, which affects the execution of programs for the development of the country without the creation of new taxes, in accordance with this, in September 2019, was presented within the Package Fiscal 2020 the proposal to regularize the collection of value-added tax on products and services marketed online.In recent years, this type of trade has grown exponentially, representing 4.6% of Mexico’s gross domestic product, the tax referred to was already provided under our legislation, however, it was not Effectively regularized, the tax package proposal includes taxing services and goods, that is, platforms such as UBER, NETFLIX, UBER EATS, as well as those that offer lodging services in Mexico, are subject to the tax indicated. The purpose of this investigation is to determine the benefits and cons with respect to the aforementioned proposal, through the review of similar taxes in other countries, in order to analyze the behavior and contrast with the reform of said tax

scholarly journals Determinants of National Saving in Four West African Countries

2018 ◽  
Vol 10 (5) ◽  
pp. 67 ◽  
Author(s):  
Ignatius Abasimi ◽  
Agbassou Y. A. Martin
Keyword(s):  
Gross Domestic Product ◽  
Capita Income ◽  
West African ◽  
Domestic Product ◽  
Per Capita Income ◽  
African Countries ◽  
Long Run ◽  
Short Run ◽  
Per Capita ◽  
Adf Test

Saving is one of the preeminent integral of economic growth. The desideratum of this study is to investigate the determinants of national saving in four West African countries, namely, Ghana, Togo, Burkina Faso, and Cote d’ Ivoire. The study uses annual data from the World Bank database for the period 1997-2016. The Augmented Dickey-Fuller (ADF) test, Cumulative sum of residuals (CUSUM) test, and autoregressive distributed lag (ARDL) bounds test were used to examine the stationarity, stability, and cointegration of the variables respectively. ARDF model analysis was carried out to determine the short run and long run determinants of national saving in the studied countries. The long run results reveal that gross domestic product, per capita income and real interest rate has a statistically and significant positive effect on gross savings, were as age dependency ratio has a statistical, and insignificant negative relationship with gross saving. The short run results suggest that gross domestic product and per capita income possesses positive statistical significant effects on gross national savings.It is recommended that, in other to promote saving, growth and development, pragmatic and realistic economic policies should be formulated to strengthen all monetary and financial institutions in the respective countries.

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