Gruevski, Ilija and Gaber, Stevan (2019) Testing of the Formal Statistical Validity of a Tax Model of the Investment Demand in the Republic of Macedonia. Journal of Economics, 4 (2). pp. 28-37. ISSN 1857-9973
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Abstract
This article is aimed for presentation of the formal testing steps of the statistical validity of a multiple regression model that explains the formation of the investment demand in the Republic of Macedonia. This specifically developed model is based upon the concept of the “cost of capital”, which is known as one of the most traditional approaches that can effectively explain the formation of the capital demand in a certain country, especially with interaction of changes in the tax code. Therefore, it is considered as an appropriate model for the purpose to unveil whether the country’s tax rates play or not a significant role for creation of the domestic demand for investment.
Precisely, the statistical analysis of the presented model confirms its formal validity,
since all the formal assumptions regarding the residuals of the multiple regression are
generally satisfied. This also ensures relevance and formal justification of the chosen
model, for its further exploitation for empirical research, while the results of this
research will be published in a separate article.
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Stevan Gaber |
| Date Deposited: | 16 Jan 2020 11:38 |
| Last Modified: | 16 Jan 2020 11:38 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/23392 |
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