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

Journal of Economic Structures Cover Image

Table 5 Short-run coefficients with non-linear tax share

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

VariablePMGPMGPMG
ECT− 0.8242303 (0.0717583)a− 0.7888876 (0.0821668)a− 0.7800174 (0.0681541)a
∆Gross investment0.1592222 (0.4921129)0.2745088 (0.5302855)0.2811591 (0.6630748)
ΔProperty tax− 2.116106 (4.713266)  
∆Property square0.5686091 (1.021535)  
∆Commodity and service tax 318.9759 (907.5429) 
∆Commodity and service tax square 35.24699 (101.3654) 
∆Income tax  − 0.8561427 (0.4653239)c
∆Income tax square  − 0.3051065 (0.3196064)
ΔTotal tax− 0.4890089 (0.1418758)a− 0.5220011 (0.1608558)a− 0.3763829 (0.0905942)a
Constant1.762391 (0.181032)a259.262 (27.01652)− 0.2664172 (0.0755352)a
  1. a, b, cStatistically significant at 1%, 5% and 10% level. Parenthesis values represent standard errors