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

Journal of Economic Structures Cover Image

Table 3 Short-run coefficients

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

VariableMGPMGDFEMGPMGDFEMGPMGDFE
ECT− 0.913 (0.065)a− 0.789 (0.065)a− 0.925 (0.052)a− 0.901 (0.071)a− 0.784 (0.067)a− 0.922 (0.055)a− 0.868 (0.087)a− 0.796 (0.090)a− 0.920 (.071)
ΔGross investment− 0.067 (0.319)0.044 (0.351)− 0.286 (0.134)b− 0.071 (0.318)0.038 (0.356)− 0.297 (0.136)b0.429 (0.609)0.238(0.627)− 0.231 (0.304)
∆Property tax0.548 (0.272)b0.617 (0.254)b0.445 (0.200)b      
∆Commodity and service tax   − 5.377 (2.931)c− 5.781 (2.883)b− 2.380 (1.160)b   
∆Income tax      − 0.761 (0.481)− 0.730 (0.447)− 0.140 (0.042)a
∆Total tax− 0.453 (0.158)a− 0.479 (0.140)a− 0.407 (0.120)− 0.487 (0.158)a− 0.486 (0.141)a− 0.404 (0.119)a− 0.326 (0.042)a− 0.397 (0.078)a− 0.320 (0.032)
Constant− 0.351 (1.098)0.313 (0.060)a0.170 (0.615)1.444 (9.748)9.011 (0.795)a9.321 (4.750)c1.160 (1.486)− 0.297 (0.077)− 0.293 (0.406)
  1. a, b, cStatistically significant at 1%, 5% and 10% level. Parenthesis values represent standard errors