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Evolution of Taxation in the period 2004-2012. Impact on the Romanian Economy

Author

Listed:
  • Mihãilã Nicoleta

    (Financial and Monetary Research Centre “Victor Slãvescu”, Bucharest, Romania)

  • Isachi Silvia Elena

    (Financial and Monetary Research Centre “Victor Slãvescu”, Bucharest, Romania)

Abstract

In this paper we propose to realize an analysis of the Romanian economy in the period 2004-2012, analysis in which we follow the main macroeconomic indicators and their impact on the economic "health" in this period, highlighting two significant moments that have produced dramatic effects, respectively 2005, when introducing flat tax of 16%, and 2010, when budgetary wages were reduced with 25% and VAT increased from 19% to 24%. More specifically, our goal is to highlight the impact of these events on population, its way of saving, credit, inflation, namely to determine if these fiscal measures had the expected effects on the economy.

Suggested Citation

  • Mihãilã Nicoleta & Isachi Silvia Elena, 2013. "Evolution of Taxation in the period 2004-2012. Impact on the Romanian Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1367-1371, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1367-1371
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    More about this item

    Keywords

    flat tax; vat; macroeconomic indicators; population;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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