The determinants of tax revenue growth of an emerging economy - the case of Ghana Online publication date: Tue, 12-Jun-2018
by John Kwaku Amoh; Philip Kofi Adom
International Journal of Economics and Accounting (IJEA), Vol. 8, No. 3/4, 2017
Abstract: This paper examines the effect of tax revenue determinants on Ghana's tax revenue growth. The results specify significant determinants of tax revenue growth as foreign direct investment (FDI), manufacturing value added, services value added, external debt stocks and government consumption expenditure. The estimated tax revenues were found to be greater than the actual tax revenue figures resulting in tax revenue gaps averaging 10.27% of GDP annually. The study is a premier attempt to adopt econometric techniques to examine the effect of determinants of tax revenue on tax revenue growth. The study contributes to literature by developing a trajectory of tax revenue generation framework. The study provides a justification for the curtailment of the multiplicity of taxes with its inimical effects on tax revenue growth. We posit that to drive tax revenues to ensure the realisation of SDGs, tax policy should focus on significant tax revenue triggering determinants.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Accounting (IJEA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook