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Effect of Indirect Taxes on Macroeconomic Stability in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach

Author

Listed:
  • Segun Fakunmoju

    (Lagos State University)

Abstract

Achieving sound macroeconomic stability is one of the major priorities of economic regulators. Nigeria economy majorly built on oil revenue in which unpredictability nature of the oil sector might adversely affected macroeconomic stability thus there is need to diversified Nigeria economy. Indirect taxes serve as the diversification means of generating revenue for an economy but Nigeria as an economy characterized with challenges of high level of tax gap, monoculture oil revenue generation and weak tax system thus created challenges of generating maximum indirect taxes revenue to finance means of achieving sound macroeconomic stability. The problem of poor indirect tax revenue generation has caused deterioration in Nigeria macroeconomic stability rate. The objective of the study was to examine the effect of indirect taxes (VAT) and (CED) on Nigeria macroeconomic stability via real gross domestic product in Nigeria.

Suggested Citation

  • Segun Fakunmoju, 2022. "Effect of Indirect Taxes on Macroeconomic Stability in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach," EuroEconomica, Danubius University of Galati, issue 2(12), pages 126-137, August.
    • Handle: RePEc:dug:journl:y:2022:i:2:p:126-137
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