Fig. 1: The Relationship Between IT and GDP Variables.
From: Is taxation a curse or a blessing? The case of Turkiye
The graphical presentation of the wavelet transform consistency analysis of the relationship between IT and GDP variables is given in this figure. In Figs. 1–3, the horizontal axis represents time, while the vertical axis represents frequency density. In the graph, the cone of influence showing the region remaining at 5% significance level is separated by a thin white line. In the figures, red color represents high coherence, while yellow, green and blue represent low coherence. The shapes formed by the black lines show the areas of influence and the arrows inside them provide information about the direction of the influence. Arrows pointing up and to the right are interpreted as positive relationships, while arrows pointing left and down are interpreted as negative relationships. The x column gives date information, while the y column gives frequency density information.
