López-Laborda, Julio; Peña, Guillermo - In: Economics: The Open-Access, Open-Assessment E-Journal 11 (2017) 2017-7, pp. 1-28
The influence of VAT applied to financial services on the size of the financial sector is analyzed empirically. The authors use data from 36 European Union and OECD countries for the period from 1961 to 2012. Dynamic panel data techniques are used, concretely the GMM System. An unbalanced panel...