Trade Openness and Tax Revenue Performance in Nigeria (1987-2016)
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 12
Abstract
The study investigated trade openness effect on tax revenue performance in Nigeria from 1987-2016. A simple econometric model of trade openness was formulated and estimated using Ordinary Least Square (OLS) regression analysis. The unit root tests showed that Tax Revenue Performance is stationary, while trade openness is non-stationary but became stationary after the first differencing. The results revealed that trade openness had negative and significant effect on tax revenue performance in Nigeria. Recommendation focused on export-oriented activities and diversification of export portfolios driven by context-based policies, thus enhance tax revenue yield. In addition, modernization of the tax system in Nigeria through technology adoption will reduce human interface in the processes of taxpayers’ registration, filling or declaration of tax returns, tax payment, tax dispute resolution and accountability for ease of doing business.
Authors and Affiliations
Johnson A. Egwakhe, Hammed B. Akinlabi, Kehinde Odunsi
Keywords
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- EP ID EP593041
- DOI 10.6007/IJARBSS/v8-i12/5188
- Views 56
- Downloads 0
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