Tax Revenue, Capital Formation, and Economic Growth in Nigeria

نویسندگان

چکیده

Economic growth drivers aimed at stimulating and stabilizing the economies of countries to engender sustainable growth. Studies have shown that Nigeria has been plagued with stunted faltering economic over years. Tax other relevant macroeconomic policies are implemented by government smoothen out fluctuations but this not fully harnessed. A causal-effect study was conducted between tax revenue, gross fixed capital formation using a 38-year time series data from 1981 2018 derived CBN statistical bulletin. It found revenue (TR) had significant positive effect on Gross Domestic Product Fixed Capital Formation (GFCF) significantly controls relationship TR GDP. is evidenced country relied heavily taxes as major source revenue. The recommended should widen its net, creates expansionary measures enhance in order boost also create an enabling environment for economy diversifications increase generated via means than spur avoid over-reliance taxes.

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ژورنال

عنوان ژورنال: Research in World Economy

سال: 2021

ISSN: ['1923-3981', '1923-399X']

DOI: https://doi.org/10.5430/rwe.v12n1p101