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THE LONG RUN RELATIONSHIP BETWEEN TAXATION AND GROWTH IN TURKEY

Year 2009, Volume 10, Issue 1, 119 - 130, 01.12.2009

Abstract

Taxation may lead to a decrease in economic growth by distorting saving and investment incentives, but also it can increase growth by stimulating private savings through specific tax policies in line with infrastructure investments. This study investigates the effects of taxation on economic growth in Turkey in 1975-2004 by using time series analysis. In addition to total taxes, indirect taxes (goods and services tax, trade tax) and direct taxes (income tax) are analyzed separately. The results show that as total taxes/GDP, income tax/GDP and goods and services taxes/GDP increase, growth decreases in the long run. Also, interestingly, as the economy grows, income tax/GDP ratio falls and as trade taxes/GDP increase, growth increases

References

  • Aktan, C.C. (1998). Düz ve Düşük Oranlı Vergiler ile Ekonomik Büyüme İlişkisi. Vergi Dünyası Dergisi, 203, 41-45.
  • Arnold, J. (2008). Do Tax Structures Affect Aggregate Economic Growth? Empirical Evidence from a Panel of OECD Countries. Economics Department Working Papers, No: 643.
  • Baier, S.L. & Glomm, G. (2001). Long-run Growth and Welfare Effects of Public Policies with Distortionary Taxation. Journal of Economic Dynamics and Control, 25, 2007-2042.
  • Bania, N., Gray J.A. & Stone J.A. (2006). Taxes, Government Expenditures, and State Economic Growth: The Role of Nonlinearities. University of Oregon Working Papers, No: 2006-7.
  • Bleaney, M., Gemmell, N. & Kneller, R. (2001). Testing the Endogenous Growth Model: Public Expenditure, Taxation, and Growth over the Long Run. Canadian Journal of Economics, 34(1), 36-57.
  • Capolupo, R. (2000). Output, Taxation, Human Capital and Growth. The Manchester School, 68(2), 166-183.
  • Engle, R.F. & Granger, C.W.J. (1987). Cointegration and Error-correction: Representation, Estimation and Testing. Econometrica, 55: 251- 276.
  • Garfield, R. (1997). Taxes and Long-Term Economic Growth. United States Congress Joint Economic Committee Report.
  • Granger, C.W.J. & Newbold, P. (1974). Spurious Regressions in Econometrics. Journal of Econometrics, 2, 111-120.
  • Hendricks, L. (1999). Taxation and Long Run Growth. Journal of Monetary Economics, 43, 411-434.
  • Hendricks, L. (2001). Growth, Death, and Taxes. Review of Economic Dynamics, 4, 26-57.
  • Ihori, T. (2001). Wealth Taxation and Economic Growth. Journal of Public Economics, 79, 129-148.
  • Johansen, S. (1988). Statistical Analysis of Cointegration Vectors. Journal of Economic Dynamics and Control, 12, 231-254.
  • Johansen, S. & Juselius, K. (1990). Maximum Likelihood Estimation and Inference on Cointegration with Application to the Demand for Money. Oxford Bulletin of Economics and Statistics, 52, 169-210.
  • Kneller, R., Bleaney, M.F. & Gemmell, N. (1999). Fiscal Policy and Growth: Evidence from OECD Countries. Journal of Public Economics, 74, 171-190.
  • Lee, Y. & Gordon, R.H. (2005). Tax Structure and Economic Growth. Journal of Public Economics, 89, 1027-1043.
  • Mutascu, M.I., Crasneac, A.O. & Danuletiu, D. (2007). The Taxes Impact on the Economic Growth: The Case of European Union. MPRA Paper, No: 6143.
  • Poot, J. (2000). A Synthesis of Empirical Research on the Impact of Government on Long-Run Growth. Growth and Change, Gatton College of Business and Economics, University of Kentucky, 31(4), 516-546.
  • Poulson, B.W. & Kaplan, J.G. (2008). State Income Taxes and Economic Growth. Cato Journal, 28(1), 53-71.
  • Scully, W.G. (2006). Taxes and Economic Growth. NCPA Policy Report, No: 292.
  • Shao, Yi-Hang. (2005). On the Optimal Taxation in a Growth Model of the Mixed Economy. Journal of Public Economic Theory, 7(4), 669-679.
  • Stokey, N. & Rebelo, S. (1995). Growth Effects of Flat-rate Taxes. Journal of Political Economy, 103, 519-550.
  • Yakita, A. (2003). Taxation and Growth with Overlapping Generations. Journal of Public Economics, 87, 467-487.
  • Zagler, M. & Dürnecker, G. (2003). Fiscal Policy and Economic Growth. Journal of Economic Survey, 17(3), 397-418.

TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ

Year 2009, Volume 10, Issue 1, 119 - 130, 01.12.2009

Abstract

Vergiler tasarruf ve yatırım dürtülerini bozarak büyüme oranlarında bir düşüşe sebep olabileceği gibi, devletin belirli vergi politikalarıyla altyapıyı iyileştirme amaçlı yatırımlarının özel sektör yatırımlarını artırması yolu ile ekonomik büyümeyi artırabilir. Bu çalışma, zaman serisi analizi kullanarak Türkiye’de 1975-2004 yılları arasında vergilerin büyüme üzerindeki etkilerini araştırmaktadır. Toplam vergilerin yanı sıra, dolaylı (mal ve hizmet vergisi ve ticaret vergisi) ve dolaysız vergiler de (gelir vergisi) ayrı olarak incelenmiştir. Sonuçlar, toplam vergiler/GSYH, gelir vergisi/GSYH, mal ve hizmet vergisi/GSYH oranları arttıkça, uzun dönemde büyüme oranının azaldığını göstermektedir. Ayrıca, ilginç olarak, ekonomi büyüdükçe gelir vergisi/GSYH oranı düşmekte, ticaret vergisi/GSYH oranı arttıkça ekonomik büyüme artmaktadır

References

  • Aktan, C.C. (1998). Düz ve Düşük Oranlı Vergiler ile Ekonomik Büyüme İlişkisi. Vergi Dünyası Dergisi, 203, 41-45.
  • Arnold, J. (2008). Do Tax Structures Affect Aggregate Economic Growth? Empirical Evidence from a Panel of OECD Countries. Economics Department Working Papers, No: 643.
  • Baier, S.L. & Glomm, G. (2001). Long-run Growth and Welfare Effects of Public Policies with Distortionary Taxation. Journal of Economic Dynamics and Control, 25, 2007-2042.
  • Bania, N., Gray J.A. & Stone J.A. (2006). Taxes, Government Expenditures, and State Economic Growth: The Role of Nonlinearities. University of Oregon Working Papers, No: 2006-7.
  • Bleaney, M., Gemmell, N. & Kneller, R. (2001). Testing the Endogenous Growth Model: Public Expenditure, Taxation, and Growth over the Long Run. Canadian Journal of Economics, 34(1), 36-57.
  • Capolupo, R. (2000). Output, Taxation, Human Capital and Growth. The Manchester School, 68(2), 166-183.
  • Engle, R.F. & Granger, C.W.J. (1987). Cointegration and Error-correction: Representation, Estimation and Testing. Econometrica, 55: 251- 276.
  • Garfield, R. (1997). Taxes and Long-Term Economic Growth. United States Congress Joint Economic Committee Report.
  • Granger, C.W.J. & Newbold, P. (1974). Spurious Regressions in Econometrics. Journal of Econometrics, 2, 111-120.
  • Hendricks, L. (1999). Taxation and Long Run Growth. Journal of Monetary Economics, 43, 411-434.
  • Hendricks, L. (2001). Growth, Death, and Taxes. Review of Economic Dynamics, 4, 26-57.
  • Ihori, T. (2001). Wealth Taxation and Economic Growth. Journal of Public Economics, 79, 129-148.
  • Johansen, S. (1988). Statistical Analysis of Cointegration Vectors. Journal of Economic Dynamics and Control, 12, 231-254.
  • Johansen, S. & Juselius, K. (1990). Maximum Likelihood Estimation and Inference on Cointegration with Application to the Demand for Money. Oxford Bulletin of Economics and Statistics, 52, 169-210.
  • Kneller, R., Bleaney, M.F. & Gemmell, N. (1999). Fiscal Policy and Growth: Evidence from OECD Countries. Journal of Public Economics, 74, 171-190.
  • Lee, Y. & Gordon, R.H. (2005). Tax Structure and Economic Growth. Journal of Public Economics, 89, 1027-1043.
  • Mutascu, M.I., Crasneac, A.O. & Danuletiu, D. (2007). The Taxes Impact on the Economic Growth: The Case of European Union. MPRA Paper, No: 6143.
  • Poot, J. (2000). A Synthesis of Empirical Research on the Impact of Government on Long-Run Growth. Growth and Change, Gatton College of Business and Economics, University of Kentucky, 31(4), 516-546.
  • Poulson, B.W. & Kaplan, J.G. (2008). State Income Taxes and Economic Growth. Cato Journal, 28(1), 53-71.
  • Scully, W.G. (2006). Taxes and Economic Growth. NCPA Policy Report, No: 292.
  • Shao, Yi-Hang. (2005). On the Optimal Taxation in a Growth Model of the Mixed Economy. Journal of Public Economic Theory, 7(4), 669-679.
  • Stokey, N. & Rebelo, S. (1995). Growth Effects of Flat-rate Taxes. Journal of Political Economy, 103, 519-550.
  • Yakita, A. (2003). Taxation and Growth with Overlapping Generations. Journal of Public Economics, 87, 467-487.
  • Zagler, M. & Dürnecker, G. (2003). Fiscal Policy and Economic Growth. Journal of Economic Survey, 17(3), 397-418.

Details

Other ID JA54TV87CA
Journal Section Articles
Authors

Yeşim KUŞTEPELİ This is me
Dokuz Eylül Üniversitesi, İşletme Fakültesi, İktisat Bölümü, Kaynaklar Yerleşkesi, Buca, İzmir


Mustafa BİLMAN This is me
Dokuz Eylül Üniversitesi, İşletme Fakültesi, İktisat Bölümü, Kaynaklar Yerleşkesi, Buca, İzmir

Publication Date December 1, 2009
Published in Issue Year 2009, Volume 10, Issue 1

Cite

Bibtex @ { ifede268229, journal = {Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi}, issn = {1303-0027}, address = {}, publisher = {Dokuz Eylul University}, year = {2009}, volume = {10}, number = {1}, pages = {119 - 130}, title = {TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ}, key = {cite}, author = {Kuştepeli, Yeşim and Bilman, Mustafa} }
APA Kuştepeli, Y. & Bilman, M. (2009). TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ . Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi , 10 (1) , 119-130 . Retrieved from https://dergipark.org.tr/en/pub/ifede/issue/25426/268229
MLA Kuştepeli, Y. , Bilman, M. "TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ" . Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 10 (2009 ): 119-130 <https://dergipark.org.tr/en/pub/ifede/issue/25426/268229>
Chicago Kuştepeli, Y. , Bilman, M. "TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ". Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 10 (2009 ): 119-130
RIS TY - JOUR T1 - THE LONG RUN RELATIONSHIP BETWEEN TAXATION AND GROWTH IN TURKEY AU - YeşimKuştepeli, MustafaBilman Y1 - 2009 PY - 2009 N1 - DO - T2 - Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi JF - Journal JO - JOR SP - 119 EP - 130 VL - 10 IS - 1 SN - 1303-0027- M3 - UR - Y2 - 2022 ER -
EndNote %0 Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ %A Yeşim Kuştepeli , Mustafa Bilman %T TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ %D 2009 %J Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi %P 1303-0027- %V 10 %N 1 %R %U
ISNAD Kuştepeli, Yeşim , Bilman, Mustafa . "TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ". Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 10 / 1 (December 2009): 119-130 .
AMA Kuştepeli Y. , Bilman M. TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2009; 10(1): 119-130.
Vancouver Kuştepeli Y. , Bilman M. TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2009; 10(1): 119-130.
IEEE Y. Kuştepeli and M. Bilman , "TÜRKİYE’DE VERGİLER VE BÜYÜME ARASINDAKİ UZUN DÖNEM İLİŞKİSİ", Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, vol. 10, no. 1, pp. 119-130, Dec. 2009