Journal article

Growth Maximizing Tax Rate for Uzbekistan

Laszlo Konya, Abdullaev Bekzod

Applied Econometrics and International Development | Euro-American Association of Economic Development Studies | Published : 2014

Abstract

Over the past two decades of transition from centrally planned economy to market economy Uzbekistan has experienced major structural changes. During this period the objectives of the tax policy were directed towards modernizing the tax system, increasing efficiency and reducing the tax burden on the economy. As a result, the tax revenue-toGDP ratio decreased from 32.3 percent in 1992 to 22 percent in 2011. While in the early years of independence economic growth was negative, considerable economic expansion has been observed since 2000. In this paper, we investigate the relationship of economic growth and tax revenues in Uzbekistan using quarterly data from 1996 to 2011. The results suggest ..

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University of Melbourne Researchers