Abstract
This study seeks empirical proof for this basic question: is there a relationship between direct-indirect tax revenues with exchange rate volatility? For the period of 2006:Q1-2019:Q4 in Turkey, the Toda-Yamamoto causality approach was performed to delve into the causal relationships between the exchange rate volatility determined by the moving standard deviation of the real effective exchange rate and both direct and indirect taxes. The results of the Toda-Yamamoto causality test revealed the presence of a one-way causality relationship from direct taxes to exchange rate volatility and also a one-way causality relationship from indirect taxes to exchange rate volatility. Under a causality approach framework, the paper occurred a significant empirical inference for the relationship of exchange rate volatility with both direct and indirect taxes.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.