Effects of Taxes on the Development of the Non-Oil Industry Sector: The Case of Azerbaijan

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Aliyev S., Gulaliyev M., Hurshudov S., Hasanova A., Salahov F.

WSEAS Transactions on Business and Economics, vol.20, pp.2400-2412, 2023 (Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 20
  • Nəşr tarixi: 2023
  • Doi nömrəsi: 10.37394/23207.2023.20.206
  • jurnalın adı: WSEAS Transactions on Business and Economics
  • Jurnalın baxıldığı indekslər: Scopus, EconLit, INSPEC
  • Səhifə sayı: pp.2400-2412
  • Açar sözlər: corporate tax rates, economic growth, non-oil products, taxes, total capital formation
  • Adres: Bəli

Qısa məlumat

A panel analysis of the relationship between corporate tax rates and GDP per capita, economic growth rate, total capital formation, and non-oil product volume proves that these variables' dependency on corporate tax rates is weaker. The main finding of the study is that there is a negative relationship between the volume of non-oil industrial products and taxes in Azerbaijan. Based on the results of the research, it can be argued that neither corporate taxes nor general taxes have a significant impact on the production volume of non-oil industrial products in Azerbaijan in the short term. However, there is a negative relationship between taxes and the volume of production of non-oil industrial products in the long run.