The Impact of Consumption Tax Rate on Consumption - A Panel Data Analysis for European Countries (1995-2007)
8 Pages Posted: 1 Jan 2010
Date Written: December 29, 2009
Abstract
In the present paper it will be pointed out that consumption tax rate has a negative impact on consumption. Hence, according to the consumption-led-growth theory, economic growth will be hindered. The panel data sample covers for the period 1995-2007 many European countries, and the econometric model is estimated through the Eviews software package.
Keywords: Economic growth, Consumption Taxation, Consumption-led-growth, Economic Policy, Econometric Models with Panel Data
JEL Classification: O4, H2, E21, E6, C23
Suggested Citation: Suggested Citation
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