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Investigating Effects of Banking and Stock Market Activities on Tax Revenues in Iran

Author

Listed:
  • Assadzadeh , Ahmad

    () (Associate Professor of Economics, University of Tabriz)

  • Fouman Ajirlou, Yasaman

    () (M.A Student in Economics, University of Tabriz, yasaman)

Abstract

Even though, the revenue from the sales of crude oil has accounted for much of the state's revenues, tax revenues, on the other hand contributes to a large and growing share of the government budget. Based on the literature, the financial system has an important influence on economic growth and hence the study of the empirical relationship between financial system and tax revenues is vital and will help policy makers in achieving the objectives of economic growth and reducing the country’s dependence on oil revenues. The purpose of this research is to study the effect of banking and stock market activities on the tax revenues in Iran. In this regard, an Auto Regressive Distributed Lag Model was used applying seasonal data for 2000-2013 period. The results of the model estimation revealed different effects of banking and stock market activities on the tax revenues.The results indicated that banking and stock market activities had a significant and positive effect on tax revenues.

Suggested Citation

  • Assadzadeh , Ahmad & Fouman Ajirlou, Yasaman, 2017. "Investigating Effects of Banking and Stock Market Activities on Tax Revenues in Iran," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 4(1), pages 149-172, May.
  • Handle: RePEc:ris:qjatoe:0069
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    Keywords

    Banking activities; Stock exchange; Tax revenues; ARDL;

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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