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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Journal of Economic Structures Cover Image

Table 2 Long-run coefficients

From: Tax structure and economic growth: a study of selected Indian states

VariableMGPMGDFEMGPMGDFEMGPMGDFE
Gross investment0.513 (0.314)0.152 (0.087)c0.221 (0.115)0.608 (0.362)c0.175 (0.085)b0.220 (0.103)b0.149 (0.413)0.399 (0.155)b0.378 (0.125)a
Property tax− 0.098 (0.415)0.216 (0.130)c0.257 (0.157)      
Commodity and service tax   5.076 (7.026)− 2.378 (0.969)b− 2.089 (1.136)c   
Income tax      0.068 (0.119)0.125 (0.087)0.130 (0.019)a
Total tax0.059 (0.131)− 0.041 (0.024)c− 0.061 (0.031)c0.175 (0.213)− 0.042 (0.024)c− 0.057 (0.032)c− 0.085 (0.183)− 0.013 (0.033)− 0.004 (0.019)
Hausman test 1.11 (0.775)  1.20 (0.752)  − 0.97 (0.710) 
  1. a, b, cStatistically significant at 1%, 5% and 10% level. Parenthesis values represent standard errors and for Hausman test; it indicates probability values