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Tax revenue-economic growth relationship and the role of trade openness in developing countries

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  • Thuy Tien Ho
  • Xuan Hang Tran
  • Quang Khai Nguyen

Abstract

This study investigates the impact of tax revenue on economic growth in the context of increasing trade openness in developing countries by using the data of 29 developing countries with accelerating economic growth during the period 2000–2020. This study further applies the Fixed Effect Model (FEM) and the Generalized Least Squares (GLS) estimation methods for panel data to test the proposed hypotheses. The research results show that tax revenue positively affects economic growth in general. Furthermore, we find that trade openness increases the positive relationship between tax revenue and economic growth but excessive trade openness reduces such a relationship. Our findings provide important implications for developing countries in the context of increasing tax revenue and trade openness.

Suggested Citation

  • Thuy Tien Ho & Xuan Hang Tran & Quang Khai Nguyen, 2023. "Tax revenue-economic growth relationship and the role of trade openness in developing countries," Cogent Business & Management, Taylor & Francis Journals, vol. 10(2), pages 2213959-221, December.
    • Handle: RePEc:taf:oabmxx:v:10:y:2023:i:2:p:2213959
    DOI: 10.1080/23311975.2023.2213959
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    Cited by:

    1. Zhang, Xiekui & Huang, Yihan & Fenglan Wei,, 2024. "The incentive effects of the macro tax burden on economic growth: A negative or positive incentive effect? Analysis based on panel data," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 128-147.
    2. El Weriemmi, Malek & Bakari, Sayef, 2024. "The Impact of CO2 Emissions, Domestic Investment and Trade Openness on Economic Growth: New Evidence from North African Countries," MPRA Paper 122152, University Library of Munich, Germany.

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