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6. References Alloza, M., (2017), A Very Short Note on Computing Impulse Response Functions , University College, London, available online at http://www.ucl.ac.uk/~uctp041/Teaching_files/Tutorial_IRF.pdf . Attanasio, O.P., Picci, L., Scorcu, A.E., (2000), Saving, growth, and investment: a macroeconomic analysis using a panel of countries , Review of Economics and Statistics, Vol. 82, no. 2, pp. 182-211. Blomstrom, M., Lipsey, R.E., Zejan, M., (1993), Is fixed investment the key to economic growth?, NBER Working Papers 4436, National Bureau of Economic

REFERENCES Ahmad, J., & Harnhirun, S. (1996). Cointegration and Causality between Exports and Economic Growth: Evidence from the ASEAN Countries. The Canadian Journal of Economics , 29(2), 413-416. Bhatt, P.R. (2014). Foreign Direct Investment in ASEAN Countries 1990-2012. Revista Galega de Economía , 23(4), 133-144. Choong, C.K., & Liew, V. (2009). Impact of foreign direct investment volatility on economic growth of ASEAN-5 countries. Economics Bulletin , 29(3), 1829-1841. Dickey, D.A., & Fuller, W.A. (1981). Likelihood ratio statistics for autoregressive

Analysis of Taxation and Economic Growth – insights, background and findings Jana Bellová1 Faculty of Law, Palacký University Olomouc, Czech Republic email: jana.bellova@upol.cz BELLOVÁ, Jana. Analysis of Taxation and Economic Growth – insights, back- ground and fi ndings. International and Comparative Law Review, 2014, Vol. 14., No. 1, pp. 69–77. DOI: 10.1515/iclr-2016-0045. Introduction Economic growth is a very much desired occurrence in the economy for vari- ous reasons. What are the factors that infl uence economic growth though? And more specifi cally

References Abbott A. & De Vita G. (2011), Revisiting the relationship between inflation and growth: A note on the role of exchange rate regimes, ʻEconomic Issuesʼ, 16(1), 37. Aiyagari S.R. (1990), Deflating the case for zero inflation, ʽQuarterly Reviewʼ, Federal Reserve Bank of Minneapolis, 14, 2-11. Akgul I . & Ozdemir S. (2012), Inflation threshold and the effects on economic growth, ʽIktisat Isletme ve Finansʼ, 27(313), 85-106. Aydın C., Esen Ö., & Bayrak M. (2016), Inflation and Economic Growth: A Dynamic Panel Threshold Analysis for Turkish Republics in

References BLOMSTRÖM, M. – KOKKO, A. – ZEJAN, M. 2000. Foreign Direct Investment: Firm and Host Country Strategies. New York: Palgrave Macmillan, 2000. 268 p. ISBN 978-0312-23141-5. BLOMSTRÖM, M. – KOKKO, A. 2003. The Economics of Foreign Direct Investment Incentives. In Foreign Direct Investment in the Real and Financial Sector of Industrial Countries. Heidelberg: Springer-Verlang, 2003. pp. 37–56. ISBN 3-540-00510-2. BROWN, T. – ULIJN, J. 2004. Innovation, Entrepreneurship and Culture: The Interaction between Technology, Progress and Economic Growth. Cheltenham

References Barro, R. J., Sala-i-Martin, X. (1995). Economic Growth. New York: McGraw-Hill, Inc. Brander, J. A., Taylor, M. S. (1998). The Simple Economics of Easter Island: A Ricardo-Malthus Model of Renewable Resource Use. American Economic Review 81, 119-38. Bulter, E. H., Van Kooten, G. C. (1999). Economics of Antipoaching Enforcement and the Ivory Trade Ban. American Journal of Agricultural Economics 81, 453-66. Burmeister, E., Dobell, A. R. (1970). Mathematical Theories of Economic Growth. London: Collier Macmillan Publishers. Cairns, D. R., Tian, H. L

References 1. Al-zubi, K., Al-Rjoub, S. and Abu-Mharebi, E. (2006). Financial Development and Economic Growth: A new Empirical evidence from the MENA countries, 1989-2001. Applied Econometrics and international Development, Vol. 6(3), 78-95 2. Ayadi, R., Arbak,E.Sami, B.N,and De Groen, W.P.(2013). Financial Development, Bank Efficiency and economic growth across the Mediterranean. MEDPRO Technical Report No 30,March , 2013 3. Bongini,P., Malgorzata,I.D. Smage,P and Witkowski,B.(2017). Financial Development and Economic growth: the role of Foreign-Owned Banks in

References Afonso, A., Schuknecht, L., Tanzi, V., 2006. Public sector efficiency evidence for new EU member states and emerging markets. European Central Bank Working Paper Series , no. 581. Andrei, T., Bourbonnais, R., 2008. Econometrie . Bucureşti: Editura Economica. Arpaia, A., Turrini, A., 2008. Government Expenditure and economic growth in the EU: Long-run tendencies and short-term adjustment [online] Brussels, Belgium: European Commission Directorate-General for Economic and Financial Affairs Economic Papers 300, Available at: <http

, A. (2005). How far Perceptions go, Transparency Brazil Working Paper. The World Bank, Washington DC. 37. World Bank Group (2016). Available at: < www.worldbank.org > Accessed on February, 2016. 38. World Bank (2009). Anticorruption. Washington, DC. 39. Zaman, G., Goschin, Z. (2015). Shadow economy and economic growth in Romania. Cons and pros. Procedia Economics and Finance, 22, 80 - 87.

5. References Acemoglu, D., & Johnson, S. (2006). Disease and development: the effect of life expectancy on economic growth (No. w12269). National Bureau of Economic Research. Acemoglu, D., & Johnson, S. (2007). Disease and Development: The Effect of Life Expectancy on Economic Growth. Journal of Political Economy, 115(6), 925-985. Aghion, P., Howitt, P., & Murtin, F. (2010). The relationship between health and growth: when Lucas meets Nelson-Phelps (No. w15813). National Bureau of Economic Research. Azomahou, T. T., Boucekkine, R., & Diene, B. (2009). A closer