Economic growth and impact of social and economic factors in the Baltic States
This paper highlights the economic impact of indirect taxes on economic growth rate by using a Panel Data regression model. The econometric assessment implies the effects of the variables from 1996 to 2016 for the Baltic States. On one side, the estimations performed assert remarkable results fro...
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2019-03-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/suplimente/International_Finance_and_Banking_Conference_FIBA_2019_XVII.pdf#page=77
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| Summary: | This paper highlights the economic impact of indirect taxes on economic growth rate by using
a Panel Data regression model. The econometric assessment implies the effects of the variables from
1996 to 2016 for the Baltic States. On one side, the estimations performed assert remarkable results
from a statistical perspective with government expenditures, excises and other consumption taxes
leading to economic decline. On the other side, the other explanatory variables of the model support
economic growth. Also, the Baltic States adopted the VAT system later than other countries but has
advantages because of the range of different rates for goods and services. |
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| ISSN: | 1841-8678 1844-0029 |