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Asegedech Woldemariam - One of the best experts on this subject based on the ideXlab platform.
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trade liberalization exchange rate changes and Tax Revenue in sub saharan africa
Journal of Asian Economics, 2006Co-Authors: Terence D Agbeyegbe, Janet Gale Stotsky, Asegedech WoldemariamAbstract:Abstract Empirical evidence on the relationship between trade liberalization, exchange rates, and Tax Revenue is mixed. This paper examines these linkages anew, using a methodology similar to that of Adam et al. [, Adam, C., Bevan, D., & Chambas, G. (2001), Exchange rate regimes and Revenue performance in Sub-Saharan Africa, Journal of Development Economics, 64 , 173–213]. Using a panel of 22 countries in Sub-Saharan Africa, over 1980–1996, we perform Generalized Method of Moment regressions to test this relationship. We find evidence that the relationship between trade liberalization and Tax Revenue is sensitive to the measure used to proxy trade liberalization, but that, in general, trade liberalization is not strongly linked to aggregate Tax Revenue or its components—though with one measure, it is linked to higher income Tax Revenue. Currency appreciation and higher inflation show some linkage to lower Tax Revenues or its components. These results are consistent with previous findings, and support the notion that trade liberalization accompanied by appropriate macroeconomic policies can be carried out in a way that preserves overall Revenue yield.
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trade liberalization exchange rate changes and Tax Revenue in sub saharan africa
2004Co-Authors: Terence D Agbeyegbe, Janet Gale Stotsky, Asegedech WoldemariamAbstract:Empirical evidence on the relationship between trade liberalization, exchange rates, and Tax Revenue is mixed. This paper examines these linkages anew. Using a panel of 22 countries in Sub-Saharan Africa, over 1980–1996, we perform Generalized Method of Moment regressions to test this relationship. We find evidence that the relationship between trade liberalization and Tax Revenue is sensitive to the measure used to proxy trade liberalization, but that, in general, trade liberalization is not strongly linked to aggregate Tax Revenue or its components—though with one measure, it is linked to higher income Tax Revenue. Currency appreciation and higher inflation show some linkage to lower Tax Revenues or its components. These results show some partial consistency with previous findings, and support the notion that trade liberalization accompanied by appropriate macroeconomic policies can be undertaken in a way that preserves overall Revenue yield.
Sèna Kimm Gnangnon - One of the best experts on this subject based on the ideXlab platform.
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Internet, Participation in International Trade and Tax Revenue Instability
2020Co-Authors: Sèna Kimm GnangnonAbstract:This paper investigates the effect of the Internet on Tax Revenue instability, notably through the international trade channel. It has used a sample of 142 countries over the period 1995-2017, and relied primarily on the two-step system Generalized Methods of Moments (GMM) estimators (but also incidentally on the Error Component Two-Stage Least Squares estimator). Tax Revenue instability is primarily measured by the instability of non-resource Tax Revenue, but also by the instability of total Tax Revenue (for robustness check). The findings indicate that the Internet exerts a negative effect on Tax Revenue instability. Interestingly, this effect genuinely translates through the international trade channel, regardless of the measure of Tax Revenue instability considered. Countries enjoy a higher negative effect of the Internet on Tax Revenue instability as they enjoy a greater participation in international trade. These findings, therefore, add to the potential benefits of the Internet adoption (e.g., strengthening countries' participation in international trade, enhance their Tax Revenue performance and promote Tax reform, including in developing countries) by showing that it could also help to stabilize Tax Revenue, particularly through the degree of countries' participation in international trade.
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Effect of Poverty Volatility on Tax Revenue Instability in Developing Countries
2020Co-Authors: Sèna Kimm GnangnonAbstract:Abstract This paper complements the relatively few existing studies on the macroeconomic effects of poverty in developing countries, by investigating the effect of poverty volatility on Tax Revenue instability. The empirical analysis has been conducted using an unbalanced panel dataset of 112 developing countries covering the period 1980-2017, and primarily the two-step system Generalized Method of Moments technique. Findings have revealed that, on average, over the full sample, poverty volatility is associated with lower Tax Revenue instability. However, this reflects differentiated effect across countries, as low-income countries tend to experience a positive Tax Revenue instability effect of poverty volatility, while poverty volatility results in lower Tax Revenue instability in relatively advanced countries (among developing countries). Additionally, these outcomes hide the fact that poverty volatility exerts a higher positive effect on Tax Revenue instability in the context of increasing poverty rates. From a policy perspective, this analysis shows that it is essential for policymakers to dampen the volatility of poverty rates (notably in countries with high poverty rates) if they were to ensure the stability of Tax Revenue or reduce its instability, given the adverse effect of Tax Revenue instability on economic growth.
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trade openness Tax reform and Tax Revenue in developing countries
The World Economy, 2019Co-Authors: Sèna Kimm Gnangnon, Jeanfrancois BrunAbstract:This article investigates empirically whether the effect of Tax reform (involving the progressive replacement of trade Tax Revenue with domestic Tax Revenue) in developing countries' Tax Revenue performance (measured by Tax Revenue‐to‐GDP ratio) depends on the degree of trade openness of these countries. The analysis has used an unbalanced panel data set of 95 developing countries over the period 1981–2015 and the two‐system GMM approach. Results suggest that Tax reform is positively and significantly associated with Tax Revenue performance in developing countries, with the magnitude of this positive effect increasing as countries experience a higher development level. Additionally, and more importantly, countries that further open up their economies to international trade enjoy a higher positive effect of Tax reform on Tax Revenue than countries that experience a lower degree of trade openness. Therefore, these findings should help dissipate the concerns of policymakers in developing countries that greater openness to international trade would further erode their Tax Revenue, including by lowering their international trade Tax Revenue. In fact, the implementation of an appropriate Tax reform in the context of greater trade openness would generate higher Tax Revenue, while concurrently allowing countries to reap the well‐known benefits of international trade.
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Export Upgrading and the Extent of Structural Change in Tax Revenue in Developing Countries
South Asian Journal of Macroeconomics and Public Finance, 2017Co-Authors: Sèna Kimm GnangnonAbstract:This article examines the relevance of export-upgrading strategy (export quality improvement and export diversification) in developing countries for the structural change in Tax Revenue (trade Tax Revenue versus domestic Tax Revenue). The empirical analysis suggests that the lower the degree of export upgrading (higher export concentration or low quality of export products) the higher the extent of structural change in Tax Revenue, that is, a Tax transition reform. In the meantime, the effect of export upgrading on the extent of structural change in Tax Revenue appears to be conditioned on the degree of countries’ openness to international trade. JEL Classification: H1, F14, O1
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Impact of export upgrading on Tax Revenue in developing and high-income countries
Oxford Development Studies, 2016Co-Authors: Sèna Kimm Gnangnon, Jeanfrancois BrunAbstract:Empirical studies usually analyse the relationship between an economy’s trade sector and Tax Revenue in developing countries through the e"ect of trade liberalization on Tax Revenue. This paper takes a di"erent angle by examining the impact of export upgrading strategies (export diversi#cation and improvement in export quality) on non-resource Tax Revenue. The panel data-set covers a sample of 172 countries, including both developed and developing countries, spanning the period 1980–2010. The analysis is conducted both on the entire sample and sub-samples. The #ndings indicate that export product upgrading exerts a positive and signi#cant e"ect on non-resource Tax Revenue, including for the sub-samples considered, with the exception of low-income countries for which we observe mixed results. Moreover, countries which upgrade their export products in a context of trade openness consistently experience higher non-resource Tax Revenue, both in the short and long term.
Terence D Agbeyegbe - One of the best experts on this subject based on the ideXlab platform.
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trade liberalization exchange rate changes and Tax Revenue in sub saharan africa
Journal of Asian Economics, 2006Co-Authors: Terence D Agbeyegbe, Janet Gale Stotsky, Asegedech WoldemariamAbstract:Abstract Empirical evidence on the relationship between trade liberalization, exchange rates, and Tax Revenue is mixed. This paper examines these linkages anew, using a methodology similar to that of Adam et al. [, Adam, C., Bevan, D., & Chambas, G. (2001), Exchange rate regimes and Revenue performance in Sub-Saharan Africa, Journal of Development Economics, 64 , 173–213]. Using a panel of 22 countries in Sub-Saharan Africa, over 1980–1996, we perform Generalized Method of Moment regressions to test this relationship. We find evidence that the relationship between trade liberalization and Tax Revenue is sensitive to the measure used to proxy trade liberalization, but that, in general, trade liberalization is not strongly linked to aggregate Tax Revenue or its components—though with one measure, it is linked to higher income Tax Revenue. Currency appreciation and higher inflation show some linkage to lower Tax Revenues or its components. These results are consistent with previous findings, and support the notion that trade liberalization accompanied by appropriate macroeconomic policies can be carried out in a way that preserves overall Revenue yield.
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trade liberalization exchange rate changes and Tax Revenue in sub saharan africa
2004Co-Authors: Terence D Agbeyegbe, Janet Gale Stotsky, Asegedech WoldemariamAbstract:Empirical evidence on the relationship between trade liberalization, exchange rates, and Tax Revenue is mixed. This paper examines these linkages anew. Using a panel of 22 countries in Sub-Saharan Africa, over 1980–1996, we perform Generalized Method of Moment regressions to test this relationship. We find evidence that the relationship between trade liberalization and Tax Revenue is sensitive to the measure used to proxy trade liberalization, but that, in general, trade liberalization is not strongly linked to aggregate Tax Revenue or its components—though with one measure, it is linked to higher income Tax Revenue. Currency appreciation and higher inflation show some linkage to lower Tax Revenues or its components. These results show some partial consistency with previous findings, and support the notion that trade liberalization accompanied by appropriate macroeconomic policies can be undertaken in a way that preserves overall Revenue yield.
Jeanfrancois Brun - One of the best experts on this subject based on the ideXlab platform.
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trade openness Tax reform and Tax Revenue in developing countries
The World Economy, 2019Co-Authors: Sèna Kimm Gnangnon, Jeanfrancois BrunAbstract:This article investigates empirically whether the effect of Tax reform (involving the progressive replacement of trade Tax Revenue with domestic Tax Revenue) in developing countries' Tax Revenue performance (measured by Tax Revenue‐to‐GDP ratio) depends on the degree of trade openness of these countries. The analysis has used an unbalanced panel data set of 95 developing countries over the period 1981–2015 and the two‐system GMM approach. Results suggest that Tax reform is positively and significantly associated with Tax Revenue performance in developing countries, with the magnitude of this positive effect increasing as countries experience a higher development level. Additionally, and more importantly, countries that further open up their economies to international trade enjoy a higher positive effect of Tax reform on Tax Revenue than countries that experience a lower degree of trade openness. Therefore, these findings should help dissipate the concerns of policymakers in developing countries that greater openness to international trade would further erode their Tax Revenue, including by lowering their international trade Tax Revenue. In fact, the implementation of an appropriate Tax reform in the context of greater trade openness would generate higher Tax Revenue, while concurrently allowing countries to reap the well‐known benefits of international trade.
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Impact of export upgrading on Tax Revenue in developing and high-income countries
Oxford Development Studies, 2016Co-Authors: Sèna Kimm Gnangnon, Jeanfrancois BrunAbstract:Empirical studies usually analyse the relationship between an economy’s trade sector and Tax Revenue in developing countries through the e"ect of trade liberalization on Tax Revenue. This paper takes a di"erent angle by examining the impact of export upgrading strategies (export diversi#cation and improvement in export quality) on non-resource Tax Revenue. The panel data-set covers a sample of 172 countries, including both developed and developing countries, spanning the period 1980–2010. The analysis is conducted both on the entire sample and sub-samples. The #ndings indicate that export product upgrading exerts a positive and signi#cant e"ect on non-resource Tax Revenue, including for the sub-samples considered, with the exception of low-income countries for which we observe mixed results. Moreover, countries which upgrade their export products in a context of trade openness consistently experience higher non-resource Tax Revenue, both in the short and long term.
Richard R. Hawkins - One of the best experts on this subject based on the ideXlab platform.
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price elasticities in consumer sales Tax Revenue
Public Finance Review, 2000Co-Authors: Richard R. HawkinsAbstract:If demand follows prices, income, and household characteristics, Taxable spending by consumers also follows these variables, and a unique sales Tax Revenue elasticity should exist for each demand determinant. In this article, the author investigates whether price elasticities exist and how exemptions affect the price responses that should appear in consumer sales Tax Revenue. Consistent with microeconomic theory, the estimates in this study indicate that individual prices matter only when states exempt a large share of consumer purchases. For services, food, and residential utility exemptions, consumer price responses can affect Revenue cycles. Within a Revenue cycle, the pro-cyclical or countercyclical effect will depend on the relative price changes and the sales Tax structure.
