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

Table 4 Long-run coefficients with non-linear tax share

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

Variable

PMG

PMG

PMG

Gross investment

0.224051 (0.0821584)a

0.094958 (0.0868484)

0.3753215 (0.1517049)b

Property tax

− 1.718452 (0.5895772)a

  

Property tax square

0.4562078 (0.1350524)a

  

Commodity and service tax

 

− 147.4204 (79.33938)

 

Commodity and service tax square

 

16.5764 (8.948564)c

 

Income tax

  

0.176142 (0.1210151)

Income tax square

  

− 0.021296 (0.0364334)

Inflection point

1.88

4.45

Nil

Total tax

− 0.0471619 (0.022339)a

− 0.0255878(0.0251895)

− 0.0129363 (0.0352006)

  1. a ,b, cStatistically significant at 1%, 5% and 10% level
  2. Parenthesis values represent standard errors