- This paper investigates the long-run relationship between tax structure and economic growth and the other economic indicators
- The results of panel cointegration test reveal that there is no long-run cointegrating relationship between tax structure and both of GDP and gross saving in developing countries. Yet, there is an evidence of a strong cointegrating relationship among tax structure and international trade’s activities. For high-income OECD countries, Kao’s test suggests that there is a long-run cointegrating relationship between components of tax revenue and GDP and gross saving, while there is no evidence for imported and exported of goods and services."