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Tax Reforms and Tax Yield in Nigeria

Author

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  • Bassey Okon Ebi

    (Department of Economics, University of Calabar, Calabar, Nigeria,)

  • Oluwafemi Ayodele

    (Department of Economics, University of Calabar, Calabar, Nigeria,)

Abstract

This study estimates elasticity and buoyancy of various tax components as well as the impact of tax reforms on tax components in Nigeria between 1981 and 2014. Error correction mechanism (ECM) technique was employed in analyzing the data. The results revealed that: All the tax components were inelastic, there was a general improvement in post-reformed tax elasticities ranging from 0.199 to 1.28 with petroleum profit tax and the total tax revenue having coefficients >1, values of tax buoyancies were all positive and

Suggested Citation

  • Bassey Okon Ebi & Oluwafemi Ayodele, 2017. "Tax Reforms and Tax Yield in Nigeria," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 768-778.
    • Handle: RePEc:eco:journ1:2017-03-98
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    References listed on IDEAS

    as
    1. Vincent Belinga & Ms. Dora Benedek & Ruud A. de Mooij & Mr. John Norregaard, 2014. "Tax Buoyancy in OECD Countries," IMF Working Papers 2014/110, International Monetary Fund.
    2. Ariyo, A., 1997. "Productivity of the Nigerian Tax System: 1970-1990," Papers 67, African Economic Research Consortium.
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    Cited by:

    1. Ebi Bassey Okon & Nyong Saviour Okon, 2021. "Sources of State Revenue and State Effectiveness: The Nigerian Experience," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(1), pages 111-122, January.
    2. Ibrahim, Umar Bambale & Abubakar, Isah Funtua, 2020. "Welfare Implication of Tax Rates Increase in a Recessionary Economy," MPRA Paper 111132, University Library of Munich, Germany, revised 13 Dec 2021.
    3. Ebi, Bassey Okon & Aladejare, Samson Adeniyi, 2022. "Oil Price Transmission, Deficit Financing and Capital Formation," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 56(1), pages 123-133.
    4. Usman O. A. & Adeoye M. A. & Alimi A. A, 2023. "Impact of Tax Reforms on the Liquidity of Nigerian Stock Market (1982-2021)," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(2), pages 607-617, February.

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    More about this item

    Keywords

    Tax Reforms; Tax Elasticity; Tax Buoyancy;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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