Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality
This paper examines the impact of tax reform on the economic growth of India over the period 1975-2017. In order to measure the impact of tax reform on the economic growth, we have used various econometric tools like Maki and combined cointegration tests and the rolling-window causality test in this...
Saved in:
Main Authors: | , , , |
---|---|
Format: | Article |
Published: |
World Scientific
2020
|
Subjects: | |
Online Access: | http://eprints.utm.my/id/eprint/93108/ http://dx.doi.org/10.1142/S021759082050023X |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.utm.93108 |
---|---|
record_format |
eprints |
spelling |
my.utm.931082021-11-07T05:54:52Z http://eprints.utm.my/id/eprint/93108/ Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality Sethi, N. Mohanty, S. Sucharita, S. Loganathan, N. HG Finance This paper examines the impact of tax reform on the economic growth of India over the period 1975-2017. In order to measure the impact of tax reform on the economic growth, we have used various econometric tools like Maki and combined cointegration tests and the rolling-window causality test in this study. The study revealed that a stable long-run parameter stability relationship exists the series on tax reform but unable to obtain the short-run relationship. Results also revealed that growth-led taxation effects and tax-led-growth do not exist in India. Hence, India needs more policies which will help to remove inefficiencies created by the existing heterogeneous taxation system, revenue rate and inclusion of petroleum products, electricity, liquor and real estate and policymakers should adopt some policies for direct tax which reduce the imbalance in class. World Scientific 2020 Article PeerReviewed Sethi, N. and Mohanty, S. and Sucharita, S. and Loganathan, N. (2020) Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality. Singapore Economic Review, 65 (6). pp. 1699-1725. ISSN 0217-5908 http://dx.doi.org/10.1142/S021759082050023X DOI: 10.1142/S021759082050023X |
institution |
Universiti Teknologi Malaysia |
building |
UTM Library |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
Universiti Teknologi Malaysia |
content_source |
UTM Institutional Repository |
url_provider |
http://eprints.utm.my/ |
topic |
HG Finance |
spellingShingle |
HG Finance Sethi, N. Mohanty, S. Sucharita, S. Loganathan, N. Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality |
description |
This paper examines the impact of tax reform on the economic growth of India over the period 1975-2017. In order to measure the impact of tax reform on the economic growth, we have used various econometric tools like Maki and combined cointegration tests and the rolling-window causality test in this study. The study revealed that a stable long-run parameter stability relationship exists the series on tax reform but unable to obtain the short-run relationship. Results also revealed that growth-led taxation effects and tax-led-growth do not exist in India. Hence, India needs more policies which will help to remove inefficiencies created by the existing heterogeneous taxation system, revenue rate and inclusion of petroleum products, electricity, liquor and real estate and policymakers should adopt some policies for direct tax which reduce the imbalance in class. |
format |
Article |
author |
Sethi, N. Mohanty, S. Sucharita, S. Loganathan, N. |
author_facet |
Sethi, N. Mohanty, S. Sucharita, S. Loganathan, N. |
author_sort |
Sethi, N. |
title |
Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality |
title_short |
Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality |
title_full |
Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality |
title_fullStr |
Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality |
title_full_unstemmed |
Tax reform and economic growth nexus in India: evidence from the cointegration and rolling-window causality |
title_sort |
tax reform and economic growth nexus in india: evidence from the cointegration and rolling-window causality |
publisher |
World Scientific |
publishDate |
2020 |
url |
http://eprints.utm.my/id/eprint/93108/ http://dx.doi.org/10.1142/S021759082050023X |
_version_ |
1717093421198344192 |
score |
13.15806 |