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Estimating Optimal Level of Taxation for Growth Maximization in Asia
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Estimating Optimal Level of Taxation for Growth Maximization in Asia
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| Creator |
Amgain, Jeeban
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| Description |
What level of tax revenue in GDP is suitable for a country to maximize the growth rate in Asia? To address this question, this paper estimates the optimal size of taxes which maximizes growth rate, using Scully and quadratic models, from the unbalanced panel data of 32 Asian countries. Both methods approve that tax revenue around 18 percent of GDP maximizes the growth rate. However, quadratic model provides more consistent result than the Scully model. Most importantly, the findings clearly show the existence of inverse U-shaped relationship between taxes and growth.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2017-03-19
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/aef/article/view/2288
10.11114/aef.v4i3.2288 |
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| Source |
Applied Economics and Finance; Vol 4, No 3 (2017); 47-55
2332-7308 2332-7294 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/aef/article/view/2288/2511
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| Rights |
Copyright (c) 2017 Applied Economics and Finance
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