Estimation of the effect of taxes and gross fixed capital formation on economic growth of euro area
Анотація
There have been considered theoretical grounds of the impact of direct, indirect taxes and gross fixed capital formation on economic growth as well the empirical results of recent studies. There has been revealed that tax shift from direct to indirect taxes resulted positively on economic growth of the Euro Area from 2002q1 to 2017q4. The research has shown that direct taxes negatively influenced economic growth of the Euro Area, whereas indirect taxes and gross fixed capital formation had positive influence.
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