Vergi Yükü Ekonomik Büyüme İlişkisinin Westerlund ve Edgerton (2007) Panel Eşbütünleşme Testi İle Analizi

The main purpose of taxation is to finance public expenditures. This purpose is the fiscal purpose of taxation. However, the only purpose of taxation and taxes are not the financing of public expenditures. In addition to this financial purpose, taxes also have economic and social purposes. No matter what purpose taxes are used for, there are some effects and a financial burden on taxpayers. Similar to the effects on taxpayers, taxes also have emerging effects on the economy. Taxes are one of the fiscal policy tools. As a fiscal policy tool, one of the economic objectives of taxation and therefore taxes is to ensure economic growth. Although one of the economic purposes of taxes is to provide economic growth, the effect of taxes on economic growth is a subject that is discussed in theory. This discussion focuses on neo-classical growth models and endogenous growth models and whether taxes have an effect on economic growth. In this context, while it is accepted that taxes have no effect on economic growth in neo-classical growth models, it is argued that taxes can have both negative and positive effects on economic growth in the endogenous growth model. Within the framework of endogenous growth models, it is accepted that taxes are effective on economic growth; however, it is recognized that the direction of this effect can be both positive and negative. The aim of this study is to analyse the existence of the relationship between tax and economic growth. This relationship analyzed for the 2008-2019 period in the upper middle income group countries defined by the IMF. In this context, Westerlund and Edgerton (2007) panel co-integration test was used. After the determination of the co-integration relationship, the Pesaran (2006) CCE test was used for coefficient estimation. The results the shows that the relationship between the tax burden and economic growth, which is expressed within the framework of the endogenous growth model, both positively and negatively.