0704-883-0675     |      dataprojectng@gmail.com

TAX REVENUE AND ECONOMIC GROWTH IN COTE D’IVOIRE, GHANA AND NIGERIA

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

This work examined the effect of tax revenue on economic growth in Cote d’Ivoire, Ghana and Nigeria from 2026 to 2020. Specifically, the study sought to; determine the effect of value added tax on economic growth; investigate the effect of personal income tax on economic growth; ascertain the effect of petroleum profit tax on economic growth; examine the effect of company income tax on economic growth; and evaluate the effect of custom and excise duties on economic growth in Cote d’Ivoire, Ghana and Nigeria. Relevant conceptual, theoretical and empirical literatures were reviewed. The study is anchored on Solow’s Theory of Economic Growth and Endogenous Growth Model. Value added tax (VAT), personal income tax (PIT), petroleum profit tax (PPT), company income tax (CIT), and custom and excise duties (CED) were employed as the independent variable while real gross domestic product (RGDP) was employed as the dependent variable. Longitudinal research design was employed. The data used in this study were sourced from the central bank of the sampled countries and World Bank Development Indicators. Descriptive statistics, Augmented Dickey Fuller unit root test, Johansen Cointegration Test and Error Correction Mechanism (ECM) were used in analyzing the data. The results of the descriptive statistics show that all the variables for each of the sampled countries were normally distributed. Augmented Dickey Fuller unit root test indicates that all the variables were differenced once for each of the sampled countries to assume stationarity. Johansen Cointegration test results confirm the existence of long-run relationship between the variables used in the study. The study found that value added tax has significant effect on economic growth in Cote d’Ivoire, Ghana and Nigeria at cross country level. The results also indicate that personal income tax has no significant effect on economic growth in Cote d’Ivoire, Ghana and Nigeria at cross country level. Petroleum profit tax was found to have significant effect on economic growth in Cote d’Ivoire, Ghana and Nigeria at cross country level. Company income tax was found to have significant effect on economic growth in Cote d’Ivoire, Ghana and Nigeria at cross country level. The study concludes that tax revenue has significant positive effect on economic growth in Cote d’Ivoire, Ghana and Nigeria. The study recommends that government should provide tax incentives to specific sectors or for such specific activities in order to stimulate or retain investment in the sector.




FIND OTHER RELATED TOPICS


Related Project Materials

THE EFFECT OF METHANOL RHIZOME EXTRACT OF Nymphaea lotus LINN. (NYMPHAEACEAE) IN ANIMAL MODELS OF DIARRHOEA

Abstract

Nymphaea lotus is one of the foremost aquatic macrophytes that have been identified in Nigerian fresh water bodies. It finds app...

Read more
IN VIVO TOXICOLOGICAL ASSESSMENT OF WATER SAMPLES FROM THREE FARM SETTLEMENTS IN Allium cepa AND Drosophila melanogaster

ABSTRACT

Pesticides are widely used all over the world, especially in agricultural sectors to increase...

Read more
AE-FUNAI UNDERGRADUATES STUDENT AWARENESS AND PERCEPTION OF POLICE BRUTALITY IN NIGERIA

BACKGROUND OF THE STUDY

The police are state personnel who are in charge of 'law enforcement and or...

Read more
THE EFFECT OF BROKEN HOME ON CHILD BEHAVIOUR

ABSTRACT

This study was carried out to examine effect of broken home on a child behaviour using Eket local Governmen...

Read more
ASSESSMENT OF FEMALE GENITAL MUTILATION IN NIGERIA CASE STUDY BENIN CITY

ABSTRACT

This study was carried out on the assessment of female genital mutilation in nigeria case stud...

Read more
ANTIDIABETIC PROPERTIES OF MUCUNA PRURIENS L. (D.C.) SEED EXTRACT AND ITS TABLET FORMULATIONS

ABSTRACT

Diabetes mellitus and its complications continue to be one of the highest causes of morbidity and mortality in recent times. Alt...

Read more
UKWUANI AND THE URHOBO PEOPLE UP TO 1900 – A STUDY IN INTER-GROUP RELATIONS 

ABSTRACT      

This work is on the inter-group relations between Ukwuani and Urhobo peo...

Read more
THE IMPACT OF FORENSIC ACCOUNTING ON INSURANCE CLAIMS AND DISPUTES

Abstract: The Impact of Forensic Accounting on Insurance Claims and Disputes

The study investigates the impact of forensic accounting on...

Read more
RECYCLING AND REFUSE: ALTERNATIVES TO WASTE MANAGEMENT IN NIGERIA

Background to the study

Cities are at the nexus of a further threat to the environment, namely the prod...

Read more
EFFECTS OF APPRAISAL SYSTEM ON EMPLOYEES’ PRODUCTIVITY

ABSTRACT

Performance appraisals allow the organization to tell the employee something about their rates of growth, their...

Read more
Share this page with your friends




whatsapp