Abstract
Tax Revenues, Urbanization And Democracy: An Econometric Study On G20 Countries
In this study, the effects of urbanization and democracy factors on tax revenues
are examined empirically in terms of G20 countries. For this purpose, a survey was
conducted for G20 country covering the period 2005-2018. The dependent variable of the study is tax revenues (% GDP). As independent variables, the urbanization rate, the level
of democracy, GDP per capita, commercial openness, and differently from studies in the
literature the moderator effect of democracy and urbanization were used. The findings
obtained by using the System-Generalized Moments Method (GMM) estimator reveal that
the urbanization rate and the level of democracy have statistically significant and positive
effects on tax revenues. In summary, it is seen that the preferences of different classes are
effective in the tax policies applied / to be applied in the said countries.
Keywords
Tax Revenues, Democracy, Urbanization, G20, Dynamic Panel.
