The Causal Relationship Between Tax Revenues and Economic Growth in OECD Countries

Öz

Governments can implement various policies to achieve the economic goals they want to achieve. Among the policies they most often apply to are monetary and fiscal policies. Among fiscal policies, taxes are an important policy tool. Tax revenues are one of the fiscal policy tools that policymakers apply to achieve the goal of economic growth. Changes in tax revenues can directly or indirectly affect economic growth through various channels. In this study, randomly selected in 9 OECD countries (France, Germany, Greece, Hungary, Italy, Poland, Spain, Turkey and United Kingdom) with annual data from the period 2010-2019, were investigated to find the relationship between tax revenues and economic growth using panel causality test. As a result of the panel causality test, it was determined that there is a unidirectional causality relationship from tax revenues to economic growth.

Anahtar Kelimeler

• Tax revenue
• Economic growth
• Panel causality test.

OECD Ülkelerinde Vergi Gelirleri İle Ekonomik Büyüme Arasında Nedensellik İlişkisi

Öz

Hükümetler ulaşmak istedikleri ekonomik amaçlara ulaşmak için çeşitli politikalar uygulayabilmektedir. En sıklıkla başvurdukları politikalar arasında para ve maliye politikaları yer almaktadır. Maliye politikaları arasında vergiler önemli bir politika aracı olarak yer almaktadır. Toplanan vergilerden elde edilen vergi gelirleri kamu tarafından yapılan harcamaların finansmanında kullanılmasının yanında ekonomik hedeflere ulaşmada da kullanılan maliye politikası aracı olarak önem taşımaktadır. Politika yapıcıların ekonomik büyüme hedefine ulaşmak için uyguladığı maliye politikası araçlarından biri de vergi gelirleridir. Vergi gelirlerinde meydana gelen değişmeler çeşitli kanallar üzerinden doğrudan veya dolaylı olarak ekonomik büyümeyi etkileyebilmektedir. Çalışmada, rassal olarak seçilen 9 OECD ülkesinde (Fransa, Almanya, Yunanistan, Macaristan, İtalya, Polonya, İspanya, Türkiye ve Birleşik Krallık) 2010-2019 dönemine ait yıllık verilerle, vergi gelirleri ile ekonomik büyüme arasında ilişki olup olmadığı panel nedensellik testi ile araştırılmıştır. Panel nedensellik testi sonucunda vergi gelirlerinden ekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisi olduğu tespit edilmiştir.

Anahtar Kelimeler

• Vergi geliri
• Ekonomik büyüme
• Panel nedensellik testi.

Kaynakça

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