An Emperical Analysis of Tax Revenue and Economic Growth in Nigeria from 1980 To 2015
Keywords:
responsibility to protect, military intervention, sovereignty, member-states
Abstract
The contribution of taxation to any economy globally is so much in terms of quantification and cannot be therefore be ignored as unimportant. It is a source of revenue or income to the government be it the Central, State or Local government in achieving their macro-economic objectives in the areas of fiscal and monetary policies. For Nigerian government to effectively carry out its primary function and other subsidiary functions, she requires adequate funding. Government responsibilities has continued to increase over time especially in developing countries like Nigeria due to the increasing nature and size of her population, and infrastructural deterioration. This study was therefore poised to empirically examine the tax revenue and economic growth in Nigeria from 1980 to 2015 by employing Gross Domestic Product (GDP) as the dependent variable and Petroleum Profit Tax (PPT), Company Income Tax (CIT), and Customs and Excise Duties (CED) as the independent variables. The analysis of the study was carried out using the method of Multiple Regression Analysis. The Ordinary Least Square (OLS) method of econometrics was the main analytical technique that was employed using Econometric software (E-Views 9.0).
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2018-06-30
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