The Assessment of Taxation Impact on Economic Development. A Case Study of Romania (1995-2014)
The Assessment of Taxation Impact on Economic Development. A Case Study of Romania (1995-2014)

Summary/Abstract: The paper aims at identifying tax variables that have an influence on economic development, in the case of Romania. The results of previous studies show that there are various influences of taxation on development, with multiple implications. A model is employed, showing the influence of tax variables, with GDP per capita as proxy for economic development, for 1995-2014 period. The results suggested that tax variables have a statistically significant impact on development. Tax policy has tools which may be used in the process of stimulating economic development. The results of the paper may represent one starting point for future research in order to identify relevant types of taxes to be analyzed in relationship with development. The paper underlines the impact of taxation on economic development in the case of Romania. Also, the hypotheses checking for the regression model is another goal of the paper, because their violations may lead to inaccurate results.

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