Does financial VAT affect the size of the financial sector?

Artikel

The influence of VAT applied to financial services on the size of the financial sector is analyzed empirically. The authors use data from 36 European Union and OECD countries for the period from 1961 to 2012. Dynamic panel data techniques are used, concretely the GMM System. An unbalanced panel is handled. The results allow the authors to support the theoretical analysis that financial VAT has no significant effect on financial sector development. Results are robust to the specifications of the dependent and target variables and to the econometric method applied.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 11 ; Year: 2017 ; Issue: 2017-7 ; Pages: 1-28 ; Kiel: Kiel Institute for the World Economy (IfW)

Classification and Topics

• Classification: Wirtschaft ; Business Taxes and Subsidies including sales and value-added (VAT) ; Taxation and Subsidies: Efficiency; Optimal Taxation ; Fiscal Policy ; Financial Markets and the Macroeconomy ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Subject: financial VAT ; panel data ; financial depth

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): López-Laborda, Julio ; Peña, Guillermo
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2017

Further information

• DOI: doi:10.5018/economics-ejournal.ja.2017-7
• Handle: http://hdl.handle.net/10419/156482
• Last update: 10.03.2025, 11:45 AM CET