Abstract:

The aim of the study is to analyze the economic determinants of tax revenues for 19 high-income OECD countries. The study covers the period 1995-2017. In empirical analysis, tax revenues (%GDP) is used as dependent variable Economic determinants used as independent variables are Gross Domestic Product (GDP) per capita, trade openness, inflation, public expenditures and agricultural value added data. According to the results of the analysis using the fixed effects Generalized Moments Method (GMM) estimator, the effect of per capita GDP on tax revenues has a statistically significant and positive. The effect of public expenditures and agricultural value added on tax revenues has a statistically significant but negative. On the other hand, the effect of trade openness and inflation on tax revenues did not have a statistically significant