Publication Details
Abstract
This study aims to empirically assess the impact of indirect taxes on economic growth in Uzbekistan. The study uses annual time series data for the post-independence period. The main objective is to determine the long-term and short-term relationship between indirect taxes and economic growth. To do this, the Augmented Dickey–Fuller and Philips–Perron tests were used to test the stationarity of the variables. Also, the Auto Regressive Distributed Lag (ARDL) threshold testing approach was used to assess the presence of cointegration between the variables.
Currently, the share of indirect taxes in total tax revenues in Uzbekistan is relatively high, and in order to ensure sustainable economic growth, it is recommended to optimize the tax structure, gradually increase the share of direct taxes, and reduce the burden of indirect taxes.