Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach

ALTAYLAR, Merve; ÇIĞDEM, Gülgün

Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach

Gülgün ÇIĞDEM, (İstanbul Gelişim Üniversitesi, İstanbul, Türkiye)

Merve ALTAYLAR (Dokuz Eylül Üniversitesi, İzmir, Türkiye)

İstanbul İktisat Dergisi

5 0

Yıl: 2021 Cilt: 71 Sayı: 1 Sayfa Aralığı: 21 - 38 Metin Dili: İngilizce İndeks Tarihi: 10-11-2021

Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach

Öz:

The tax revenues, which constitute the most important incomeitem of the state, provide the necessary financing for sustainableeconomic growth in evolved countries, development efforts indeveloping economies, and form the basis of social welfare.Therefore, the relationship between economic growth and taxrevenues is significant and numerous empirical studies havebeen carried out on this subject. However, there is no studytesting the hidden cointegration. This paper aims to test thepresence of hidden cointegration between economic growthand tax revenues and intends to develop further typologies. Totest the relationship, data on the ratio of annual tax revenues/GDP between 1985-2018 in Turkey was used, and HiddenCointegration Approach developed by Granger and Yoon (2002)and crouching error correction model were applied. The analysisresults demonstrated that the tax revenues decreased acrossvariables and that there was a cointegration relationship in periodswhen the GDP increased. This manuscript is a contribution to theliterature since a different technique was performed to examinethe relationship between growth and tax revenues, and the resultsobtained will be crucial for decision-makers.

Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	ÇIĞDEM G, ALTAYLAR M (2021). Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. , 21 - 38.
Chicago	ÇIĞDEM Gülgün,ALTAYLAR Merve Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. (2021): 21 - 38.
MLA	ÇIĞDEM Gülgün,ALTAYLAR Merve Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. , 2021, ss.21 - 38.
AMA	ÇIĞDEM G,ALTAYLAR M Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. . 2021; 21 - 38.
Vancouver	ÇIĞDEM G,ALTAYLAR M Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. . 2021; 21 - 38.
IEEE	ÇIĞDEM G,ALTAYLAR M "Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach." , ss.21 - 38, 2021.
ISNAD	ÇIĞDEM, Gülgün - ALTAYLAR, Merve. "Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach". (2021), 21-38.

APA	ÇIĞDEM G, ALTAYLAR M (2021). Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. İstanbul İktisat Dergisi, 71(1), 21 - 38.
Chicago	ÇIĞDEM Gülgün,ALTAYLAR Merve Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. İstanbul İktisat Dergisi 71, no.1 (2021): 21 - 38.
MLA	ÇIĞDEM Gülgün,ALTAYLAR Merve Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. İstanbul İktisat Dergisi, vol.71, no.1, 2021, ss.21 - 38.
AMA	ÇIĞDEM G,ALTAYLAR M Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. İstanbul İktisat Dergisi. 2021; 71(1): 21 - 38.
Vancouver	ÇIĞDEM G,ALTAYLAR M Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach. İstanbul İktisat Dergisi. 2021; 71(1): 21 - 38.
IEEE	ÇIĞDEM G,ALTAYLAR M "Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach." İstanbul İktisat Dergisi, 71, ss.21 - 38, 2021.
ISNAD	ÇIĞDEM, Gülgün - ALTAYLAR, Merve. "Nonlinear Relationship between Economic Growth and Tax Revenue in Turkey: Hidden Cointegration Approach". İstanbul İktisat Dergisi 71/1 (2021), 21-38.