IMPLICATIONS OF FISCAL STIMULI IN MACROECONOMIC PLANE AT THE LEVEL OF SOME DEVELOPED AND EMERGING COUNTRIES

Abstract

Determining an optimal tax system is one of the main goals of fiscal policy applied in countries looking for sustainable economic development. Acknowledging that tax deductions affect a country's entire economic activity, in the research carried out, there were highlighted the correlations between tax revenues and mainmacroeconomic indicators, in order to highlight how developed and emerging countries are acting on changes as a result of fiscal stimuli. The study is based on data collected for a sample of 10 countries, systematized over a period of 18 years. The model was built using tax revenues as a dependent variable and six other macroeconomic indicators as factorial variables. For data analysis, the Statistical Package for Social Science (SPSS) software was used, using the prospective method (Forward). This research has revealed the gap between developed and emerging countries in terms of the link between the business environment and the economic development of the whole state in the context of the application of different tax policies.

Keywords

• tax revenues
• macroeconomic indicators
• regression analysis