IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-3-319-65310-5_16.html
   My bibliography  Save this book chapter

The Impact of Tax Policy on the Economic Growth of Greece

In: Taxation in Crisis

Author

Listed:
  • Grigorios Spirakis

    (Tax Revenue Agency, Ministry of Finance and Economics)

  • Antonios Sarantidis

    (Economist)

Abstract

This chapter examines the relationship between tax policy, foreign direct investments, and economic growth. The aim of this chapter is to analyze and to estimate the impact that frequent changes and modifications of tax policies have on the FDI and economic growth of Greece. The sample is based on time series data with annual observations from 1980 to 2014. The empirical part utilizes the methodologies of PCA, OLS regression, GARCH and GARCH-M. In this chapter, tax policy is measured as the annual number of tax legislation changes that have a direct negative impact on the income of citizens and businesses. We construct a new Tax Policy (TP) Index for Greece, by using the Tax Policy variable and five other variables as proxies in this analysis. The results suggest that the new TP Index has negative effects on GDP growth while it has no effects on FDI. The research provides to policy makers insights into the effects that an unstable tax environment has on FDI and economic growth.

Suggested Citation

  • Grigorios Spirakis & Antonios Sarantidis, 2017. "The Impact of Tax Policy on the Economic Growth of Greece," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Dimitrios D. Thomakos & Konstantinos I. Nikolopoulos (ed.), Taxation in Crisis, chapter 16, pages 411-437, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-65310-5_16
    DOI: 10.1007/978-3-319-65310-5_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Janina Kotlinska & Marian Zukowski & Pawel Marzec & Jaroslaw Kuspit & Zdzislaw A. Blasiak, 2020. "Household Consumption and VAT Revenue in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 580-605.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-3-319-65310-5_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.