Özet:

The relationship between tax revenues and financial development is important in terms of economic policies. Financial developments affect tax revenues both indirectly through economic growth and by creating direct effects. Especially with the acceleration of the globalization process, the effect of changes in financial developments on tax revenues has been the subject of various researches. In this study, which examines the effect of financial development on tax revenues in the Turkish economy, annual data for the period 1980-2019 were used. The degree of stationarity of the series of the variables used in the analysis was tested with the Extended Dickey and Fuller (ADF) unit root test. The cointegration relationship between the variables used in the model was examined with the Autoregressive Distributed Lag (ARDL) approach. In addition, Fully Developed Least Squares (FMOLS), Dynamic Least Squares (DOLS) and Canonical Co-integrated Regression (CCR) methods, which are coefficient estimators, were used. According to the ARDL boundary test result, it was found that the increase in financial development both in the short term and in the long term increases the tax income. According to FMOLS, DOLS and CCR coefficient estimators, the increase in financial development increases tax revenues.

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