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The Nigeria Tax System and Economic Growth: A Time Series Analysis

Author

Listed:
  • Ifurueze M. S. K CNA ACTI

    (Anambra State University, Nigeria)

  • Muhammad Ekezie Chineze Abigail

    (Anambra State University, Nigeria)

Abstract

This paper examines the Nigeria tax system and economic growth using a time series data. The data for the analysis were collected from CBN statistical bulletin and federal inland revenue services. The data was decomposed. Regression analysis was used to ascertain the relationships between the variable. The study finds a linear relationship between economic growth and tax revenue. The analysis results show that indirect tax contribution to total tax revenue and economic growth glucoses more than direct tax over the period under revenue. The study therefore recommended among other; introduction and reliance more on indirect tax than direct tax due to its growth prospect, ease of administration and its less distortionarity.

Suggested Citation

  • Ifurueze M. S. K CNA ACTI & Muhammad Ekezie Chineze Abigail, 2014. "The Nigeria Tax System and Economic Growth: A Time Series Analysis," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(4), pages 163-169, April.
    • Handle: RePEc:ijr:journl:v:2:y:2014:i:4:p:163-169
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    More about this item

    Keywords

    Economic growth; Direct tax; Indirect tax;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

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