Open AccessSVAR ANALYSIS OF THE IMPACTS OF CORPORATE TAXATION ON THE MACRO ECONOMY OF LITHUANIA
Author(s) -
Violeta Klyvienė,
Jaunius Karmelavičius
Publication year - 2012
Publication title -
ekonomika
Language(s) - English
Resource type - Journals
eISSN - 2424-6166
pISSN - 1392-1258
DOI - 10.15388/ekon.2012.0.247
Subject(s) - economics , fiscal policy , macroeconomics , macro , corporate tax , vector autoregression , tax policy , impulse response , econometrics , monetary economics , public economics , tax reform , value added tax , tax avoidance , mathematical analysis , mathematics , computer science , programming language
. This study aims to investigate the effects of tax policy on the macroeconomic variables of Lithuania. Special attention is devoted to conclusions concerning the impact of corporate taxation. The methodological framework is structural vector autoregression models identified using the Cholesky and Blanchard–Perotti approaches. Investigations of the impact of fiscal policy have been scarce in the empirical literature of Lithuania. The authors of this article use the methodology of assessing the impacts of fiscal policy that has not been used in Lithuania so for.JEL classification: E62, H25, F21.Key words: SVAR model, impulse response functions, fiscal policy, capital tax, investment