IDEAS home Printed from https://ideas.repec.org/a/ibn/ijefaa/v8y2016i11p96.html
   My bibliography  Save this article

Dynamic Analysis of Structural Shifts of Fiscal Revenue in Nigeria, 1999-2016

Author

Listed:
  • Mustapha Akinkunmi

Abstract

The oil sector that eased the financial constraint of Nigerian government in the 1970s is presently acting as the source of financial constraints to the country due to a continuous decline in government revenue, arising from the recent drastic fall in world crude oil prices. This calls for the government to diversify its revenue base through improving taxation. This study examined the influence of economic performance on the government revenue as well as the various sources of tax revenues in Nigeria. Monthly data spanning 1999 to 2016 were utilized to estimate vector error correction models (VECM) for five sources of government tax revenues based on data availability. Empirical results revealed that there is a significant relationship between real GDP and real company income tax revenues, and between real GDP and real excise duty revenues in the long run. However, in the short run, the one-year lag of tax revenue varieties poses a significant influence on the various sources of tax revenues.

Suggested Citation

  • Mustapha Akinkunmi, 2016. "Dynamic Analysis of Structural Shifts of Fiscal Revenue in Nigeria, 1999-2016," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(11), pages 1-96, November.
    • Handle: RePEc:ibn:ijefaa:v:8:y:2016:i:11:p:96
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ijef/article/download/62460/34358
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ijef/article/view/62460
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Massell, Benton F & Pearson, Scott R & Fitch, James B, 1972. "Foreign Exchange and Economic Development: An Empirical Study of Selected Latin American Countries," The Review of Economics and Statistics, MIT Press, vol. 54(2), pages 208-212, May.
    2. Kayode Ayinde & John Kuranga & Adewale F. Lukman, 2015. "Modeling Nigerian Government Expenditure, Revenue and Economic Growth: Co-Integration, Error Correction Mechanism and Combined Estimators Analysis Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(6), pages 858-867, June.
    3. Kayode Ayinde & John Kuranga & Adewale F Lukman, 2015. "Modeling Nigerian Government Expenditure, Revenue and Economic Growth: Co-Integration, Error Correction Mechanism and Combined Estimators Analysis Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(6), pages 858-867.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mustapha A. Akinkunmi, 2016. "Dynamic Analysis of Structural Shifts of Fiscal Revenue in Nigeria, 1999-2016," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(11), pages 96-110, November.
    2. Dick, Hermann & Gupta, Sanjeev & Mayer, Thomas & Vincent, David P., 1982. "The Short-Run Impact of fluctuating primary commodity prices on three developing economies: Colombia, Ivory Coast and Kenya," Kiel Working Papers 155, Kiel Institute for the World Economy (IfW Kiel).
    3. Henrik Hansen & Finn Tarp, 2000. "Aid effectiveness disputed," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(3), pages 375-398, April.
    4. Geonwoo Park & Heon Joo Jung, 2020. "South Korea’s outward direct investment and its dyadic determinants: Foreign aid, bilateral treaty and economic diplomacy," The World Economy, Wiley Blackwell, vol. 43(12), pages 3296-3313, December.
    5. F. G. Adams & J. R. Behrman & M. Lasaga, 1981. "Commodity Exports and NIEO Proposals for Buffer Stocks and Compensatory Finance: Implications for Latin America," NBER Chapters, in: Export Diversification and the New Protectionism: The Experiences of Latin America, pages 48-82, National Bureau of Economic Research, Inc.
    6. Ariyo Ademola, 1997. "Productivity of the Nigerian Tax System: 1970–1990," Working Papers 67, African Economic Research Consortium, Research Department.
    7. Farahane, Matias Jaime & Heshmati, Almas, 2020. "Trade and Economic Growth: Theories and Evidence from the Southern African Development Community," GLO Discussion Paper Series 657, Global Labor Organization (GLO).
    8. Derek T. Healet, 1973. "Foreign Capital and Exports in Economic Development: The Experience of Eight Asian Countries," The Economic Record, The Economic Society of Australia, vol. 49(3), pages 394-419, September.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijefaa:v:8:y:2016:i:11:p:96. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.