Machine Tool Industry, Intellectual Property, and Gross Domestic Product
Issue:
Volume 3, Issue 3, June 2014
Pages:
21-24
Received:
17 June 2014
Accepted:
23 July 2014
Published:
30 July 2014
Abstract: The article presents the investigation results on the relationship between machine tool industry, intellectual property and gross domestic product. In this paper, we considered data from developed countries, BRIC countries, South Korea and Malaysia. It is concluded that the machine tool industry along with the intellectual property is a clear indicator of economic development. For economic growth and enlargement of the gross domestic product, it is important to develop industry and machine tool construction. For Russia's transition to an innovative way, it is necessary to develop the industrial production.
Abstract: The article presents the investigation results on the relationship between machine tool industry, intellectual property and gross domestic product. In this paper, we considered data from developed countries, BRIC countries, South Korea and Malaysia. It is concluded that the machine tool industry along with the intellectual property is a clear indic...
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The Revenue Implications of Trade Liberalization in Tanzania
Issue:
Volume 3, Issue 3, June 2014
Pages:
25-36
Received:
19 July 2014
Accepted:
29 July 2014
Published:
10 August 2014
Abstract: This paper examines the argument that trade liberalization depresses the import duty revenue, and consequently adversely affects the total tax revenue. The study is thought to be significant because Tanzania experiences difficulty in replacing import duty revenue loss as a consequence of trade reform by strengthening its consumption tax system. In the course of analysis, cointegration analysis and error correction modelling are employed over the 1979/80-2009/10 period. The empirical results show that import duty revenue-to-GDP ratio is positively related to tariff rates, implying that a reduction in the tariff rates results in a significant loss of import duty revenue. The results also show that the removal of protectionist policies led to an increase in import-to-GDP ratio which in turn led to rising shares of import duty revenue in GDP. Finally, the results generate some policy implications. The proper issue in tax design under trade liberalization, Tanzania needs to strengthen the domestic tax system and raise tax revenue without increasing tax rates by reinforcing tax and customs administrations so as to maintain fiscal stability.
Abstract: This paper examines the argument that trade liberalization depresses the import duty revenue, and consequently adversely affects the total tax revenue. The study is thought to be significant because Tanzania experiences difficulty in replacing import duty revenue loss as a consequence of trade reform by strengthening its consumption tax system. In ...
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