期刊名称：European Journal of Business and Social Sciences
印刷版ISSN：2235-767X
出版年度：2016
卷号：5
期号：2
页码：16-29
出版社：European Society of Business and Social Sciences
摘要：The study empirically investigates the relationship between totaltax revenues and economic growth in Pakistan. For estimationannual time series data from 1974 to 2010 is used. The mainpurpose of the research is to find long run and short run relationshipin-between total tax revenues and economic growth. Auto RegressiveDistributed Lag (ARDL) bounds testing approach for co-integration, isapplied to estimate, the long run and short run relationship, amongthe variables. Total tax revenues have negative and significant effect,on economic growth, in long run. Due to one percent increase in totaltaxes, economic growth would decreased by -1.25 percent. ECMcoefficient of total taxes shows 51 percent speed of adjustment in ayear. According to research results, it is imperative to decrease theindirect taxes and to increase the direct taxes, if we want to augmenteconomic growth. Currently contribution of direct taxes, out of wholetax revenues, is only 33 percent, and the share of indirect taxes is 63percent, while it should be reversed, if economic growth has toincrease.
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