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

Autor:	Thuy Tien Ho, Xuan Hang Tran, Quang Khai Nguyen
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	Economic growth trade openness tax revenue developing countries H20 F43 Business HF5001-6182 Management. Industrial management HD28-70
Zdroj:	Cogent Business & Management, Vol 10, Iss 2 (2023)
Druh dokumentu:	article
ISSN:	23311975 2331-1975
DOI:	10.1080/23311975.2023.2213959
Popis:	AbstractThis 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.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/a217210d899a483fb4d1d8fe33e2e452 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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