TAX STRUCTURE AND INCLUSIVE GROWTH IN DEVELOPING COUNTRIES: A CASE OF NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The aim of the study is to examine the impact of tax policy on inclusive growth in Nigeria. The ex post facto analysis design was adopted in this study. The data is secondary source through the relevant agencies saddled with the responsibility of data collection such as Central Bank of Nigeria (CBN), International Monetary Fund (IMF), World Bank, National Bureau of Statistics and relevant on-line database sources. The data to be gathered from the CBN Statistical Bulletin would be from 1985 to 2020. The data analysis technique that is utilized in this study is the Autoregressive Distributed Lag (ARDL) model approach to cointegration. The long run ARDL results reveals the structural coefficients of the tax variables and their relationship with inclusive growth measured by HDI. The coefficient and p-values for Company income tax (CIT); 0.4725 {0.000}, reveals that CIT has a negative and statistically significant impact on HDI at 5% level. The result implies that an increase in CIT has a negative impact on inclusive growth and with a 1% rise in CIT resulting in a 4.7% decrease in HDI. The finding is in tandem with aprori and theoretical expectation and seems to support the argument raised in this stud that that policy appears not to have been beneficial in improving the quality of life of Nigerians as measured by the HDI. The coefficient and pvalues of value added tax (VAT); -0.15227{0.00}, reveals that VAT has a negative and statistically significant impact on inclusive growth at 1% level. Specifically, a 1% increase in VAT results in a decline in inclusive growth by 1.5%. The coefficient and p-values of personal income tax (PIT), -0.09582 {0.000} reveals that PIT has a negative and statistically significant impact on inclusive growth at 5% level. Specifically, the estimate suggests that a 1% increase in PIT will cause a decline in growth by about 0.9%. The coefficient and pvalues of petroleum profit ta (PPT), 0.0048 {0.9316} reveals that PPT has a positive and statistically significant impact on inclusive growth at 5% level. Specifically, a 1% increase in PPT results in an increase in inclusive growth by 9.3%. The results showed that unlike the other taxes, PPT tends to positively improve inclusive growth. The study recommends that tax policy must be reassessed with inclusive growth in mind.
Related Project Materials
GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA: A DISAGGREGATED ANALYSIS
BACKGROUND OF THE STUDY
The relationship between government expenditure and economic growth has continu...
THE IMPACT OF INTEREST RATE ON INVESTMENT DECISION IN NIGERIA. AN ECONOMETRIC ANALYSIS (1981-2010)
ABSTRACT
The focus of this research work is based on the impact of interest rate on investment decision in Nigeria. An econometric analys...
THE IMPACT OF PHYSICAL DISTRIBUTION CHANNELS IN MARKETING OF AGRICULTURAL PRODUCE: A CASE STUDY OF PERISHABLE AGRICULTURAL PRODUCE IN BOKI L.G.A OF CROSS RIVER STATE
ABSTRACT
Physical distribution channels has created a created a great impact by bridging the gap between the producers and the final cons...
A COMPARATIVE STUDY OF SECONDARY SCHOOL STUDENTS ACADEMIC PERFORMANCE IN FOOD AND NUTRITION IN WAEC AND NECO
ABSTRACT
This paper compares and examines the performance of secondary school students who were candidates in food and n...
DESIGN AND IMPLEMENTATION OF ACCOUNT HOLDERS INFORMATION SYSTEM FOR A MICROFINANCE BANK
OBJECTIVE OF THE STUDY
The main objective of this study is to design an account holder’s information system for Mi...
EFFECT OF CORPORATE GOVERNANCE ON THE PERFORMANCE OF AN ORGANIZATION
EXCERPT FROM THE STUDY
Weak practices of corporate governance lead to poor financial performance and contribute to macroeconomic crises(C...
THE IMPACT OF KEKE NAPEP AS POVERTY ALLEVIATION STRATEGY
ABSTRACT
The study concerns how the KEKE NAPEP programme of Federal Government Poverty Eradication Programmes has fared...
EXAMINATION OF CAUSES OF CONSTRUCTION PROJECT FAILURES AND ABANDONEMTS IN NIGERIA
Abstract
Abandoned projects and construction failures includes construction projects and civil infrastructure developme...
INFLUENCE OF SCHOOL ENVIRONMENT ON ACADEMIC PERFORMANCE OF SS2 BIOLOGY STUDENTS
Abstract
The performance in Biology in public secondary schools has been poor and the purpose of this study was t...
DESIGN AND IMPLEMENTATION OF A COMPUTERIZED TRAFFIC OFFENCE SYSTEM
BACKGROUND OF THE STUDY
Prior to the establishment of Federal Road Safety Commission in 1988, there was no concrete and sustained policy...
