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How Standard VAT is Influencing Economic Growth? An Analysis at European Union Level

Author

Listed:
  • Cristina VLAD

    (Academia de Studii Economice, Bucuresti, Romania)

  • Petre BREZEANU

    (Academia de Studii Economice, Bucuresti, Romania)

Abstract

The article is structured in 3 main chapters. It begins with a brief introduction explaining the theoretical link between the two target indicators: value added tax and economic growth. The first two chapters have in the foreground the value added tax, in which are presented the main characteristics, the VAT rates applied in each Member State, but also the evolution of the revenues generated as a percentage of GDP and as a percentage of total tax revenues collected. Last but not least, we discuss the process of harmonizing value added tax at European Union level. In the last chapter, the link between the revenues collected from VAT and the level of GDP is presented through an econometric model. The article ends with a summary of the conclusions drawn from the study.

Suggested Citation

  • Cristina VLAD & Petre BREZEANU, 2019. "How Standard VAT is Influencing Economic Growth? An Analysis at European Union Level," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 7-12, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:7-12
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    File URL: http://www.financejournal.ro/fisiere/revista/186906708601.%20Vlad_Brezeanu%20EN.pdf
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    References listed on IDEAS

    as
    1. Cristina VLAD & Birol IBADULA & Claudiu IONIȚĂ & Petre BREZEANU, 2017. "The influence of VAT on prices and inflation rate. Romania case," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special), pages 106-114.
    2. Marcel Dracea & Radu Buziernescu & Nicoleta Mihaela Florea, 2013. "Harmonization of VAT in the European Union. Achievements and Perspectives," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 60-65, December.
    3. Stanciu Dorica, 2013. "The Financial Discipline - A Factor Of Economic Growth," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 263-271, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    value added tax; economic growth and fiscal policy.;

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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