The Effect of Economic Freedom on Tax Revenues: An Empirical Study on OECD Founding Members

Öz

This study aims to empirically analyze the effect of the economic freedom index and its sub-components on tax revenues. The study covers the founding 20 OECD member countries and the period 2000-2020. The analysis tax revenues (% GDP) is used as dependent variable. The index of economic freedom and the sub-components of the index, namely rule of law, regulatory efficiency, government size and market openness, are used as independent variables. The results of the study obtained by employing Two-Stage System Generalized Moments Method analysis reveal that regulatory efficiency and market openness, which are the subcomponents of economic freedom and index, have statistically significant and positive effects on tax revenues; government size has statistically significant and negative effects; It reveals that there is no statistically significant relationship between the rule of law and tax revenues.

Anahtar Kelimeler

• Economic Freedom
• Tax Revenues
• Panel Data

Ekonomik Özgürlüğün Vergi Gelirleri Üzerine Etkisi: OECD Kurucu Ülkeleri Üzerine Ampirik Bir Çalışma

Öz

Bu çalışma ekonomik özgürlük endeksi ve alt bileşenlerinin vergi gelirleri üzerindeki etkisini ampirik olarak analiz etmeyi amaçlamaktadır. Çalışma kurucu 20 OECD üye ülkeyi ve 2000-2020 dönemini kapsamaktadır. Analizde bağımlı değişken olarak vergi gelirleri (%GSYH) kullanılmıştır. Bağımsız değişken olarak ekonomik özgürlük endeksi ve endeksin alt bileşenleri olan hukukun üstünlüğü, düzenleyici verimlilik, hükümet büyüklüğü ve piyasa açıklığı endeksleri kullanılmıştır. İki aşamalı sistem genelleştirilmiş momentler metodu analizinden istifade edilerek elde edilen bulgular, ekonomik özgürlüğün ve endeksin alt bileşenlerinden düzenleyici verimlilik ve piyasa açıklığının vergi gelirlerini istatistiksel olarak anlamlı ve pozitif etkilediğini; hükümet büyüklüğünün istatistiksel olarak anlamlı ve negatif etkilediğini; hukukun üstünlüğü ile vergi gelirleri arasında ise istatistiksel olarak anlamlı bir ilişki olmadığını ortaya koymaktadır.

Anahtar Kelimeler

• Ekonomik Özgürlük
• Vergi Gelirleri
• Panel Veri

Kaynakça

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