The Effects of Tax Policies on Financial Markets Development
In developing countries like Iran, fiscal policy instruments- especially taxes- affect the competitive power of financial markets and the performance of banking and non- banking institutions in these markets. Thus, the quality of combination of financial markets and tax policies for economic growth...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2016-01-01
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| Series: | فصلنامه پژوهش‌های اقتصادی ایران |
| Subjects: | |
| Online Access: | https://ijer.atu.ac.ir/article_5151_d8eeaafa0552b783eab9d8506f427d31.pdf |
| _version_ | 1797369315039641600 |
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| author | Seyed Kamal Sadeghi Reza Ranjpor Fateme Bagherzadeh Azar Soha Mousavi |
| author_facet | Seyed Kamal Sadeghi Reza Ranjpor Fateme Bagherzadeh Azar Soha Mousavi |
| author_sort | Seyed Kamal Sadeghi |
| collection | DOAJ |
| description | In developing countries like Iran, fiscal policy instruments- especially taxes- affect the competitive power of financial markets and the performance of banking and non- banking institutions in these markets. Thus, the quality of combination of financial markets and tax policies for economic growth has raised many issues. On the one hand, theories state that any increase in taxes leads to a reduction in investment funds and has an opposite impact on financial markets. On the other hand, they state that taxes reduce market fluctuations and prevent financial crises. This paper studies the impact of taxes on financial market in Iran during 1970 – 2011 by using Bounds test and Auto-Regressive Distributed Lag (ARDL) model. Results show that taxation has a positive effect on financial markets. This indicates that the role of taxation, according to improvements in state’s tax system in recent years, has become more prominent in the further development of financial markets. |
| first_indexed | 2024-03-08T17:45:59Z |
| format | Article |
| id | doaj.art-72d6e2e6c4524530bfa427e062f8a29d |
| institution | Directory Open Access Journal |
| issn | 1726-0728 2476-6445 |
| language | fas |
| last_indexed | 2024-03-08T17:45:59Z |
| publishDate | 2016-01-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | فصلنامه پژوهش‌های اقتصادی ایران |
| spelling | doaj.art-72d6e2e6c4524530bfa427e062f8a29d2024-01-02T10:29:17ZfasAllameh Tabataba'i University Pressفصلنامه پژوهش‌های اقتصادی ایران1726-07282476-64452016-01-01206537615151The Effects of Tax Policies on Financial Markets DevelopmentSeyed Kamal Sadeghi0Reza Ranjpor1Fateme Bagherzadeh Azar2Soha Mousavi3دانشیار گروه اقتصاد دانشگاه تبریزاستادیار گروه اقتصاد دانشگاه تبریزدانشجوی دکتری گروه اقتصاد دانشگاه تبریزدانشجوی دکتری گروه اقتصاد دانشگاه تبریزIn developing countries like Iran, fiscal policy instruments- especially taxes- affect the competitive power of financial markets and the performance of banking and non- banking institutions in these markets. Thus, the quality of combination of financial markets and tax policies for economic growth has raised many issues. On the one hand, theories state that any increase in taxes leads to a reduction in investment funds and has an opposite impact on financial markets. On the other hand, they state that taxes reduce market fluctuations and prevent financial crises. This paper studies the impact of taxes on financial market in Iran during 1970 – 2011 by using Bounds test and Auto-Regressive Distributed Lag (ARDL) model. Results show that taxation has a positive effect on financial markets. This indicates that the role of taxation, according to improvements in state’s tax system in recent years, has become more prominent in the further development of financial markets.https://ijer.atu.ac.ir/article_5151_d8eeaafa0552b783eab9d8506f427d31.pdftaxfinancial marketbound testardl |
| spellingShingle | Seyed Kamal Sadeghi Reza Ranjpor Fateme Bagherzadeh Azar Soha Mousavi The Effects of Tax Policies on Financial Markets Development فصلنامه پژوهش‌های اقتصادی ایران tax financial market bound test ardl |
| title | The Effects of Tax Policies on Financial Markets Development |
| title_full | The Effects of Tax Policies on Financial Markets Development |
| title_fullStr | The Effects of Tax Policies on Financial Markets Development |
| title_full_unstemmed | The Effects of Tax Policies on Financial Markets Development |
| title_short | The Effects of Tax Policies on Financial Markets Development |
| title_sort | effects of tax policies on financial markets development |
| topic | tax financial market bound test ardl |
| url | https://ijer.atu.ac.ir/article_5151_d8eeaafa0552b783eab9d8506f427d31.pdf |
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