Journal Article
No. 2017-7 | April 04, 2017
Does financial VAT affect the size of the financial sector?
(Published in Special Issue Recent Developments in Applied Economics)

Abstract

The influence of VAT applied to financial services on the size of the financial sector is analyzed empirically. The authors use data from 36 European Union and OECD countries for the period from 1961 to 2012. Dynamic panel data techniques are used, concretely the GMM System. An unbalanced panel is handled. The results allow the authors to support the theoretical analysis that financial VAT has no significant effect on financial sector development. Results are robust to the specifications of the dependent and target variables and to the econometric method applied.

Data Set

JEL Classification:

H25, H21, E62, E44, G21

Assessment

  • Downloads: 503 (Discussion Paper: 532)

Links

Cite As

Julio López-Laborda and Guillermo Peña (2017). Does financial VAT affect the size of the financial sector? Economics: The Open-Access, Open-Assessment E-Journal, 11 (2017-7): 1–28. http://dx.doi.org/10.5018/economics-ejournal.ja.2017-7


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