WSEAS Transactions on Environment and Development
Print ISSN: 1790-5079, E-ISSN: 2224-3496
Volume 20, 2024
The Nexus between Taxes and Jordanian Economic Growth
Authors: , ,
Abstract: By using quarterly time data for variables: real GDP, income tax on individuals and companies, and general sales tax, to examine the relationship between these five variables during the period 2007-2023 and the unit root test showed the stationarity of the data and found a common integration between them, and the negative and significant value of the correction coefficient in the error correction model showed a long-term relationship between these variables, and this long-term relationship revealed that the impact of the values of customs tax, corporate income tax, general sales tax, and individual income tax was Positive on GDP and statistically significant, we conclude that it stimulates economic growth in Jordan.