@article{chiricu2021empirical,
  title = {Empirical Study Regarding the Correlation between the Fiscal Policy and Households Income in Estonia, Latvia and Lithuania},
  author = {Cosmina Ștefania CHIRICU and Georgeta VINTILĂ and Ștefan Cristian GHERGHINA},
  year = 2021,
  url = {https://ibimapublishing.com/articles/JEERBE/2021/212090/},
  journal = {Journal of Eastern Europe Research in Business and Economics},
  volume = 2021,
  pages = 10,
  doi = 10.5171/2021.212090,
  abstract = {The main objective of the paper is to analyze the effects of fiscal policy (represented by taxes such as VAT, excises, personal income tax and net social contributions) on the inequality of households’ income in the three Baltic States. The selected explanatory variables (social – human development index, governance integrity; economic – government expenditure) cover the period between 2003 – 2019 with impact upon the Gini coefficient as dependent variable. The empirical evidence is based on the estimations of panel data regression models, highlighting the fact that indirect taxation leads to income inequality, together with social contributions which act as an incentive for the revenue disparity. Also, the factual results show that government expenditure is negatively correlated to income inequality. The paper assesses the impact of taxation on the social welfare of households by considering a robust scientific approach in an association of variables emphasizing on the successful performance of fiscal policies among Estonia, Latvia and Lithuania.},
  keywords = {Fiscal Policy, Income Inequality, Baltic States, Panel Data Regression Models},
  note = Article ID: 212090
}