State Institutions and Tax Capacity An Empirical Investigation of Causality is popular PDF and ePub book, written by Olusegun Ayodele Akanbi in 2019-08-16, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, State Institutions and Tax Capacity An Empirical Investigation of Causality can be Read Online from any device for your convenience.
State Institutions and Tax Capacity An Empirical Investigation of Causality Book PDF Summary
Would better state institutions increase tax collection, or would higher tax collection help improve state institutions? In the absence of conclusive guidance from theory, this paper searches for an empirical answer to this question, using a panel dataset covering 110 non-resource-rich countries from 1996 to 2017. Employing a panel vector error correction model, the paper finds that tax capacity and state institutions cause and reinforce each other for a wide range of country groups. The bi-directional causality results suggest that developing tax capacity and building state institutions need to go hand in hand for best results, particularly in developing countries. Based on the impulse response analyses, the paper also finds that the causal effects in advanced economies are generally low in both directions, while in developing countries, both tax capacity and institutions shocks have larger positive impacts on institutions and tax capacity, respectively.
Detail Book of State Institutions and Tax Capacity An Empirical Investigation of Causality PDF
- Author : Olusegun Ayodele Akanbi
- Release : 16 August 2019
- Publisher : International Monetary Fund
- ISBN : 9781513509860
- Genre : Business & Economics
- Total Page : 38 pages
- Language : English
- PDF File Size : 18,9 Mb
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