Taxes And Economic Growth In Romania. A Var Approach
The paper analyzes the relationship between taxes and economic growth in the case ofRomania in the period January 1999 - March 2010, using an unrestricted Vector AutoregressionModel (VAR) based on the rate of dynamic taxation’s level and the rate of dynamic economic growth.The relationship is questioned in both directions, namely with reference to the manner in which taxesaffect economic growth, but also in terms of the influence that economic growth exerts on taxes in thecase of Romania for the mentioned period. The results show that tax policy in Romania cannot be takento extremes, and should be very carefully implemented because a large amount of factors can influencethe results
Volume (Year): 1 (2011)
Issue (Month): 13 ()
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