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논문 기본 정보

자료유형
학술저널
저자정보
Doan Van Dinh (Industrial University of Ho Chi Minh City)
저널정보
대한산업공학회 Industrial Engineering & Management Systems Industrial Engineering & Management Systems Vol.21 No.4
발행연도
2022.12
수록면
632 - 645 (14page)
DOI
10.7232/iems.2022.21.4.632

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This study investigates countries’ optimal tax-to-GDP ratio threshold to explore whether exceeding the optimal threshold revenue tax-to-GDP ratio causes reduced GDP growth and compares the optimal threshold revenue tax of countries with the match solution. Apply threshold regression model, unit root test, and cointegration test to explore the impact of the tax revenue-to-GDP ratio on GDP growth, besides the data set is collected time series yearly from 1994 to 2020 in Vietnam, the USA, and South Africa to estimate the optimal threshold tax revenue. The tax revenue to GDP and GDP growth has a close related: South Africa, USA, and Vietnam are corresponding 49%, 58%, 46%, and countries’ optimal thresholds of tax revenue to GDP are corresponding 24%, 10.3 %, and 19%. All variables are stationary at the first difference, that is, the lag after one year. In addition, the cointegration test shows that the relationship between Vietnam’s and the US’s tax-to-GDP variable and economic growth is the relationship in the long-run and that of South Africa is the relationship in the short term. The results appropriately support the fiscal policy. The study identifies issues for managers, investors to consider having a comprehensive solution among macro cosmic policies, tax policy, investment policy, and other policies to control and balance the relationship between tax revenue to GDP and GDP growth; and having appropriate policies to regulate funds to stimulate investment over the long term.

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ABSTRACT
1. INTRODUCTION
2. LITERATURE REVIEW
3. DATA AND RESEARCH METHODS
4. RESULTS AND DISCUSSION
5. CONCLUSION
REFERENCES

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