The opponents of financial transactions taxes (FTTs) have argued that the imposition of such taxes will slow economic …

Taxpayers are required to pay taxes to the state budget by virtue of their position subject to the state, the latter in …

represented by the increase of direct taxes, which has the largest influence, followed by the intensity of the regulations and the … complexity of the fiscal system. The imposed taxes determine more and more countries to act within the underground economy, as … cause of the underground economy the level of taxes.(Tanzi,1983:11-15) He adds the instability of the legislative framework …

Although the national debate on financial transactions taxes has just begun, there have been a wide range of responses …

memory feature of cointegration residual series, which can in turn exert bias on the resulting inferences. To overcome its … limitations, we employ a fractionally integrated VECM (FIVECM) in this paper to investigate the long-term cointegration relations …

output gap shows evidence of cointegration in the DJIA and S&P 500 index data. Nonetheless, a sup augmented Dickey …

interest rates data. For a more robust result we conducted integration and cointegration tests in order to examine time …-series properties of the variables. Using Co-integration and Kalman filter methodologies, the study did not find evidence of a full …