Alka Obadić; Globan, Tomislav; Nadoveza, Ozana - In: Panoeconomicus 61 (2014) 6, pp. 653-667
The general theory of twin deficits hypothesis does not consider specific characteristics of domestic tax systems, i.e. whether the revenue side of the budget is dominated by indirect or by direct taxes. The main hypothesis of the paper is that in countries with fiscal systems dominated by...