Yıl: 2024 Cilt: 31 Sayı: 1 Sayfa Aralığı: 203 - 220 Metin Dili: İngilizce DOI: 10.18657/yonveek.1240887 İndeks Tarihi: 16-04-2024

Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries

Öz:
Globalization shapes the fiscal policies of countries, leading to changes in the structure of taxation and public expenditures. According to the theory of international tax competition, as globalization increases, countries use their tax policies to attract more mobile factors, resulting in tax competition. This competition causes capital tax rates to decrease and labor tax rates to increase, which is known as the efficiency effect of globalization. On the other hand, governments expand the welfare state to compensate for the increased economic risks resulting from globalization. This is known as the compensation effect of globalization. The purpose of this paper is to empirically test these hypotheses using a dataset of 26 OECD countries from the period 1990-2020. The study employed the Driscoll-Kraay estimator, which produces reliable estimates with robust standard errors in the presence of heteroscedasticity, autocorrelation, and cross-sectional dependency issues. The results indicate that economic globalization has a negative effect on corporate tax rates and a positive effect on labour tax rates. Additionally, it was observed that a high level of social spending is linked to an increase in economic globalization. These results emphasise that the efficiency effect and the compensation effect coexist and complement each other rather than being rivals.
Anahtar Kelime: Globalization tax competition public expenditure panel data

Ekonomik Küreselleşme, Vergilendirme ve Kamu Harcamaları: OECD Ülkelerinden Kanıtlar

Öz:
Küreselleşme, ülkelerin maliye politikalarını şekillendirmekte ve dolayısıyla vergilendirme ve kamu harcamalarının yapısını değiştirmektedir. Uluslararası vergi rekabeti teorisine göre, küreselleşme arttıkça ülkeler vergi politikalarını daha hareketli faktörleri çekmek için kullanmakta ve böylece vergi rekabeti ortaya çıkmaktadır. Teori, bu rekabetin sermaye vergisi oranlarının düşmesine ve emek vergisi oranlarının artmasına neden olduğunu öne sürmektedir. Bu, küreselleşmenin verimlilik etkisidir. Öte yandan hükümetler, küreselleşme nedeniyle artan ekonomik riskleri telafi etmek için refah devletini genişletiyor. Bu, küreselleşmenin telafi edici etkisidir. Bu makalenin amacı, 1990-2020 dönemi için 26 OECD ülkesinden oluşan bir veri seti kullanarak bu hipotezleri ampirik olarak test etmektir. Çalışmada değişen varyans, oto-korelasyon ve yatay kesit bağımlılığı sorunları karşısında dirençli standart hatalarla tutarlı tahminler yapan Driscoll-Kraay tahmincisinden yararlanılmıştır. Bulgular, ekonomik küreselleşmenin kurumlar vergisi oranı üzerinde negatif, emek vergisi oranı üzerinde pozitif bir etkiye sahip olduğunu göstermektedir. Ayrıca, yüksek düzeyde sosyal harcamaların artan ekonomik küreselleşme ile ilişkili olduğu gözlenmektedir. Bu sonuçlar, verimlilik etkisinin ve telafi etkisinin bir arada var olduğunu ve bunların rakip değil, tamamlayıcı olduğunu göstermektedir.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA AKBAKAY Z (2024). Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. , 203 - 220. 10.18657/yonveek.1240887
Chicago AKBAKAY ZEKI Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. (2024): 203 - 220. 10.18657/yonveek.1240887
MLA AKBAKAY ZEKI Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. , 2024, ss.203 - 220. 10.18657/yonveek.1240887
AMA AKBAKAY Z Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. . 2024; 203 - 220. 10.18657/yonveek.1240887
Vancouver AKBAKAY Z Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. . 2024; 203 - 220. 10.18657/yonveek.1240887
IEEE AKBAKAY Z "Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries." , ss.203 - 220, 2024. 10.18657/yonveek.1240887
ISNAD AKBAKAY, ZEKI. "Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries". (2024), 203-220. https://doi.org/10.18657/yonveek.1240887
APA AKBAKAY Z (2024). Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 31(1), 203 - 220. 10.18657/yonveek.1240887
Chicago AKBAKAY ZEKI Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 31, no.1 (2024): 203 - 220. 10.18657/yonveek.1240887
MLA AKBAKAY ZEKI Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol.31, no.1, 2024, ss.203 - 220. 10.18657/yonveek.1240887
AMA AKBAKAY Z Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2024; 31(1): 203 - 220. 10.18657/yonveek.1240887
Vancouver AKBAKAY Z Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2024; 31(1): 203 - 220. 10.18657/yonveek.1240887
IEEE AKBAKAY Z "Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries." Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 31, ss.203 - 220, 2024. 10.18657/yonveek.1240887
ISNAD AKBAKAY, ZEKI. "Economic Globalization, Taxation and Public Expenditures: Evidence From OECD Countries". Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 31/1 (2024), 203-220. https://doi.org/10.18657/yonveek.1240887