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Economic Analysis: Theory and Practice
 

Tax revenue and economic growth: a regional aspect

Vol. 14, Iss. 26, JULY 2015

PDF  Article PDF Version

Received: 2 March 2015

Received in revised form: 18 April 2015

Accepted: 14 May 2015

Available online: 21 July 2015

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: 

Pages: 24-37

Popova G.L. Tambov State Technical University, Tambov, Russian Federation
galina2011.popova@yandex.ru

Svishcheva T.A. Tambov State Technical University, Tambov, Russian Federation
t-svshchyov@mail.ru

Subject The studies on the relationship between tax revenue and economic development of territories have been performed for many years; nevertheless, they are still important. Constantly changing internal and external factors impacting the modern society development trigger new issues that need to be addressed. The paper analyzes the interrelation of tax revenue and economic growth of areas. The target of the study includes three neighboring regions located in the Central Federal District, i.e. Tambov, Lipetsk and Voronezh regions.
     Objectives The aim of the study is to conduct a comparative analysis of the economic growth and tax revenues. We review the influence of the structure of economic activities in regions on the volume of tax revenues. The analysis draws upon the spatial and time-series data.
     Methods The analysis is based on statistical information provided by the Federal Tax Service and the Federal State Statistics Service. We employed the methods of statistical analysis, which include the descriptive and regression analysis. The study is illustrated by graphs.
     Results We performed a comparative analysis of the three areas of the Central Federal District. The analysis unveiled different trends in territory development. The turning point of the regional development was in 2009, thereafter, the leading Lipetsk region started slowing down the pace of regional development, but the Voronezh and Tambov regions began developing more actively.
     Conclusions The change in the regional development trends was caused by the specifics of the formation of the gross value added structure of the regions. Therefore, the introduction of special economic zones is an important though not sufficient condition for active development of the regional economy. The factors of meso-, macro-and mega-levels also have a strong effect on the development of regions.

Keywords: tax, region, model, economic growth, Laffer curve, gross regional product, regression equation

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