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Performance and Potential of Central Government Revenue: A Panel Data Analysis for Oil Exporting and Importing Countries

Author

Listed:
  • Abdul Waheed

    (Department of Economics, Faculty of Arts and Social Sciences, University of Karachi, Pakistan,)

  • Najia Saqib

    (Department of Finance, College of Business Administration, Prince Sultan University, Riyadh, Kingdom of Saudi Arabia.)

Abstract

The main goal of every government in the country is to promote economic and social development. The fulfillment of this goal depends on the availability of sufficient amount of central government revenue. Unfortunately, in developing countries, the collection of revenue is far below than expectations. This study initiated with twin objectives. First, to identify the macroeconomic variables that affects central government revenue and examines their importance. Second, to access the performance and potential of revenue collection by the central government of oil- exporting and importing countries. The panel data estimation results of a sample of 22 oil-exporting countries for the period 2004-2017, identified several important macroeconomic variables that significantly affect central government revenue. It is also concluded that some countries are very poor in revenue generation compare to what we expect based on macroeconomic performance of some indicators. It is also observed that some oil-exporting and importing countries could not maintain their revenue generation performance and are facing serious problem to finance their expenditures.

Suggested Citation

  • Abdul Waheed & Najia Saqib, 2020. "Performance and Potential of Central Government Revenue: A Panel Data Analysis for Oil Exporting and Importing Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 249-254.
    • Handle: RePEc:eco:journ2:2020-01-36
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    References listed on IDEAS

    as
    1. Jannie Rossouw & Michael Ade & Tendai Gwatidzo, 2018. "Determinants of tax revenue performance in the Southern African Development Community (SADC)," Working Papers 762, Economic Research Southern Africa.
    2. Battese, G E & Coelli, T J, 1995. "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data," Empirical Economics, Springer, vol. 20(2), pages 325-332.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Central Government Revenue; Economic Development; Panel Data; Oil Exporting and Importing Countries; Revenue Performance of Government;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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