Different modelling approaches of tax revenue performance: The case of Baltic countries

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dc.contributor.authorMirović, Vera
dc.contributor.authorKalaš, Branimir
dc.contributor.authorMilenković, Nada
dc.contributor.authorAndrašić, Jelena
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2023-09-08T11:56:28Z
dc.date.available2023-09-08T11:56:28Z
dc.description.abstractTax revenue performance represents one of the most essential issues to every government when creating and profiling fiscal policy according to the macroeconomic framework of each country. In particular, this issue comes to the fore in extraordinary circumstances and unstable trends when governments are exposed to greater costs of financing budget deficits and public debts. Tax revenue mobilization shows the government’s ability to collect sufficient revenue to finance government expenditures, as well as cover public needs. By using static and dynamic panel approaches, this research investigates the effect of tax revenue performance in Baltic countries (Estonia, Latvia and Lithuania) for the period 1995–2020. The main objective of this paper is to identify which determinants are crucial for improving tax revenue performance in the Baltic region. Namely, this research identifies how the main macroeconomic determinants affect the tax revenue performance in Baltic countries, which enables these economies to adjust to their favorable and unfavorable effects from the aspect of tax revenue mobilization. The empirical results show that gross domestic product per capita, industry value added, trade, and government expenditures have positive effects on tax revenue performance, while inflation, gross government debt, and exchange rate volatility negatively affect the tax revenue performance in these economies. Furthermore, the joining of Baltic countries to the European Union upgraded the tax revenue performance of this region in the short-run and long-run. Precisely, Baltic countries should focus on a higher level of economic growth, greater industry share and trade of GDP, as well as lower inflation rate, lesser exchange rate volatility, and smaller government gross debt.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2023-3-002
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/172795
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectTax revenueen
dc.subjectperformanceen
dc.subjectdeterminantsen
dc.subjectpanel modelsen
dc.subjectBaltic countriesen
dc.subject.classificationC22
dc.subject.classificationC23
dc.subject.classificationH20
dc.subject.classificationH21
dc.subject.classificationO23
dc.titleDifferent modelling approaches of tax revenue performance: The case of Baltic countriesen
dc.typeArticleen
local.accessopen
local.citation.epage32
local.citation.spage20
local.facultyFaculty of Economics
local.filenameEM_3_2023_2
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue3
local.relation.volume26
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