Different Types of Taxes on Economic Growth in China
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v3i2.781
Abstract
This study explores the relationship between taxes and economic growth in China. In addition, this paper further examines the impact of different taxes on economic growth. Multiple regression model was used into the study, according to the time series data which are from 1985 to 2016, the results show that: first, there is a positive correlation relationship between tax and economic growth.; second, VAT, BT can impact on GDP significantly, while, TARIFF, CIT would not significantly impact on GDP.
Keywords
taxes, economic growth, VAT, CIT, BT, TARIFFF
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[17]Simarangkir, G.S., & Nakamura, O. (2010). The Effect of direct tax and indirect tax on gross domestic product of Indonesia: Macroeconometric model.
[18]Stoilova, D., & Patonov, N. (2013). Empirical evidence for the impact of taxation on economy growth in the European Union. Tourism & Management Studies, 1031-1039.
[19]Chaudhry, A. (2011). Tariffs, Trade and Economic Growth in a Institutionals Quality. Lahore Journal of Economics, 16, 31-54.
[20]Schularick, M., & Solomou, S. (2011). Tariffs and economic growth in the first era of globalization. Journal of Economic Growth, 16, 33-70.
[2]Bhari, A.A., Lau, W., Aslam, M., & Yip, T. (2020). THE NEXUS BETWEEN FISCAL DEFICIT AND ECONOMIC GROWTH IN MALAYSIA. Journal of Southeast Asian Studies, 25, 79-94.
[3]Đurović-Todorović, J., Milenković, I., & Kalaš, B. (2019). The Relationship Between Direct Taxes and Economic Growth in Oecd Countries. Economic Themes, 57, 273 - 286.
[4]Gashi, B., Asllani, G., & Boqolli, L. (2018). The effect of tax structure in economic growth. Journal of economics and business administration, 6, 56-67.
[5]Hakim, T.A. (2020). Direct Versus Indirect Taxes: Impact on Economic Growth and Total Tax Revenue. International Journal of Financial Research, 11, 146.
[6]Helms, L. (1985). The Effect of State and Local Taxes on Economic Growth: A Time Series-Cross Section Approach. The Review of Economics and Statistics, 67, 574-582.
[7]Jelena, A., Branimir, K., Vera, M., Nada, M., & Miloš, P. (2018). Econometric Modelling of Tax Impact on Economic Growth: Panel Evidence from OECD Countries. Economic Computation and Economic Cybernetics Studies and Research, 52, 211-226.
[8]Kalaš, B., Mirović, V., & Andrašić, J. (2017). Estimating the Impact of Taxes on the Economic Growth in the United States. Economic Themes, 55, 481 - 499.
[9]Lv, K., Yu, A., Gong, S., Wu, M., & Xu, X. (2015). Impacts of educational factors on economic growth in regions of China: a spatial econometric approach. Technological and Economic Development of Economy, 23, 827-847.
[10]Maganya, M.H. (2020). Tax revenue and economic growth in developing country: an autoregressive distribution lags approach. Central European Economic Journal, 7, 205 - 217.
[11]Martin, W., & Anderson, J. (2005). Costs of Taxation and the Benefits of Public Goods: The Role of Income Effects. World Bank Policy Research Working Paper Series.
[12]Mihaela, B.R. (2018). The impact of direct and indirect taxes on economic growth: An empirical analysis related to Romania.
[13]Munir, K., & Sultan, M. (2016). Are some taxes better for growth in Pakistan? A time series analysis. International Journal of Social Economics, 45, 1439-1452.
[14]Nantob, N. (2014). Taxes and Economic Growth in Developing Countries: A Dynamic Panel Approach.
[15]Owino, O.B. (2018). The Tradeoff between Direct and Indirect Taxes in Kenya. An Empirical Analysis. Journal of Economics and Development, 6.
[16]Saibu, O. (2015). Optimal Tax Rate and Economic Growth: Evidence from Nigeria and South Africa. Development Economics: Regional & Country Studies eJournal.
[17]Simarangkir, G.S., & Nakamura, O. (2010). The Effect of direct tax and indirect tax on gross domestic product of Indonesia: Macroeconometric model.
[18]Stoilova, D., & Patonov, N. (2013). Empirical evidence for the impact of taxation on economy growth in the European Union. Tourism & Management Studies, 1031-1039.
[19]Chaudhry, A. (2011). Tariffs, Trade and Economic Growth in a Institutionals Quality. Lahore Journal of Economics, 16, 31-54.
[20]Schularick, M., & Solomou, S. (2011). Tariffs and economic growth in the first era of globalization. Journal of Economic Growth, 16, 33-70.
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