A Component Based Analysis ForTaxes On PrivateConsumptionExpenditure: OECDCountries
Abstract
Taxes that tax payer have payedaretaxes on income, wealth and expenditures. It is generally accepted in the literature that the most effective types of taxes on consumption expenditure are taxes on income and expenditures. In this study, it was analyzied relationship between private consumption expenditure, incometax, value-added tax and excise duty in OECD countries for 1990-2014 period by using Panel FMOLS test and Dumitrescu-Hurlin (2012) panel Grangercausality test. According to the research results, there is causal relationship between taxes and private consumption expenditure. Panel FMOLS test results show that there is positive relationship between private consumption expenditure and excise duties, there is negative relationship between value-added tax and income tax. According to the panel general empricial findings of study, the increase in excise duty have a positive effect on private consumption expenditure, the increase in value-added tax and income tax have a negative effect on private consumption expenditure.
Keywords
Consumption Expenditure,Value-Added Tax,Income Tax,Excise Duties
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