Impact of Macroeconomic Variables on Tax Revenues – Empirical Study Using the VEC Model

Robert Matusiak

Abstract


Tax revenues are an important determinant of the growth and economic development of each country. It is important to learn about the impact of gross domestic product, government expenditure, investments, exports, and imports on tax revenues in Poland. Considering statistically signifiant tax revenues and the form of data as the quarterly time series from the years 2002–2018, the VEC model was selected as a test method. This study aims to develop a VEC model with an optimal lag to analyse the relationship between tax revenues and gross domestic product, investments, government expenditure, exports, and imports.

Keywords


tax income; VEC; gross domestic product; government expenditure; consumption; investments; turnover balance

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References


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DOI: http://dx.doi.org/10.17951/h.2018.52.5.39-46
Date of publication: 2019-05-10 10:46:35
Date of submission: 2018-08-02 12:53:44


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