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The Influence of Tax Revenue, Government Expenditures, Fiscal Decentralization, Carbon Emission and Exports on Economic Growth of Developing Countries

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  • Channew Maneerat

    (Lampang Rajabhat University, Thailand.)

  • Snober Fazal

    (The Islamia University of Bahawalpur, Pakistan.)

Abstract

Nowadays, high economic growth is a significant task for the betterment of society, every country worldwide, and the researchers' attention. Therefore, the present study aims to examine the role of tax revenue, government expenditures, fiscal decentralization, carbon emission, and exports on developing countries' economic growth. The data has been gathered from the World Development Indicator (WDI) for the year 2008-2019 from fifteen emerging developing countries worldwide. The present study executed the robust standard error and generalized method of moment (GMM) to check the association between tax revenue, government expenditures, fiscal decentralization, carbon emission, exports, and developing countries' economic growth. The results revealed that all the predictors such as tax revenue, government expenditures, fiscal decentralization, carbon emission, and exports have positive nexus with developing countries' economic growth. These outcomes help the developing countries' regulators focus on the foremost factors that could enhance the country's economic growth.

Suggested Citation

  • Channew Maneerat & Snober Fazal, 2020. "The Influence of Tax Revenue, Government Expenditures, Fiscal Decentralization, Carbon Emission and Exports on Economic Growth of Developing Countries," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 1(2), pages 1-12, June.
    • Handle: RePEc:ani:irdjoe:v:2:y:2020:i:1:p:1-12
    DOI: https://doi.org/10.52131/joe.2020.0101.0011
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    More about this item

    Keywords

    Tax revenue; Government expenditures; Fiscal decentralization; Carbon emission; Exports; Economic growth;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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