Taxation, growth and the stock traded nexus in emerging Asian countries: heterogeneous and semi-parametric panel estimatesReport as inadecuate




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Economic research - Ekonomska istraživanja, Vol.30 No.1 January 2017. online first -

This study attempts to investigate the impact of economic growth

and stock traded on taxation for emerging Asian countries, namely

China, India, Indonesia, Republic of Korea, Malaysia and Thailand. To

examine the plausible links between these indicators, we used semiparametric,

heterogeneous and panel causality analysis by employing

data covering the period 1990–2014. The semi-parametric estimates

indicate a U-shape effect between growth and taxation, along with

elastic opposite direction effects of stock traded on taxation. This

suggests that higher growth will have a positive influence on taxation

in emerging Asian countries. The findings of the Dumitrescu and

Hurlin DH heterogeneous Granger causality test revealed that there

is a bi-directional causality running between growth and taxation, and

a uni-directional causality running from stock traded to taxation,and

from growth to stock traded.This confirms the presence of a growthled

taxation nexus in emerging Asian countries.

Economic growth; semiparametric panel; stock traded; taxation



Author: Nanthakumar Loganathan - Roshaiza Taha - Norsiah Ahmad - Thirunaukarasu Subramaniam -

Source: http://hrcak.srce.hr/



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