A study on the Goods and Services Tax (GST) effect on Gross Domestic Product (GDP) and inflation in Singapore

According the application of goods and services tax (GST) in Singapore since 1 April 1994 where rate of GST was 3%, this project paper will examine between GDP and Inflation rate, which one of these variable have strong relationship with the GST. Besides that this paper also wants to determine whether GST effect the GDP and inflation rate or not sice 1994 until 2009 to Singapore. This paper will help other researchers to make future study about this based on Ordinary Least Square (OLS) regression and the analysis note which are conducted by using annual data on GST, GDP and Inflation Rate in Singapre over the time period. In addition, multiple regression analyses are performed to determine the relationship between the GST against GDP and inflation rate to the country. Using the results, conclusions are drawn about the relationship among these varibles.