THE IMPACT OF TAX REVENUES ON ECONOMIC GROWTH: A TIME SERIOUS EVIDENCE FROM KENYA
Journal Title: Academic Research International - Year 2018, Vol 9, Issue 3
Abstract
The study examines the effect of tax revenue and economic growth of Kenya, from 1980 to 2007. In order to attain this objective, relevant time-series secondary data were collected from the Central Bank of Kenya (CBN) Statistical Statement, Federal Inland Revenue Service (FIRS) and previous works done by scholars. The collected data was analyzed using the ordinary least square method. The results display that tax revenue has a positive significant effect on economic growth. That is, it highpoints the channels through which tax revenue impacts and economic growth in Kenya. The study also tells that grants and other revenues has no a negative result on growth. However, tax revenues can only appear its full potential on the economy if government can come up with fiscal laws and legislations and support the existing ones in line with macroeconomic objectives, which will check-mate tax offenders in order to minimize evasion, corruption, and tax avoidance. These will get about improvement on the tax management and responsibility and transparency of government officials in the management of tax revenue. Above all, these will increase the tax revenue base with resulting increase in growth.
Authors and Affiliations
Ali Abdulkadir Ali, Mohamed Saney Dalmar
Keywords
Related Articles
- EP ID EP614985
- DOI -
- Views 113
- Downloads 0
ROLE OF COOPERATIVES IN EXPANDING ACCESS OF RURAL WOMEN TO PRODUCTION RESOURCES IN PARTS OF KANO AND JIGAWA STATES
The study examined the role of cooperatives in expanding access of rural women to production resources. Stratified random sampling was used to select the study settlements. However, for the selection of the sampl...
THE NEWSPAPER TIMELINE: A STUDY OF THE NEWSPAPERS PAST & ITS PRESENT
The Traditional Media has had a rich legacy of creating revolutions across different continents all across the Globe. Newspapers in particular can state with pride that they have been witnesses to many such instances of...
Islamic School System: Its Challenges, Best Practices and Vision for Future
According to Quran introduction of Prophet Muhammad (PBH) has been described as, Ateacher who educates about his look and knowledge (Hikmat). Thus achievement of religious knowledge is essential for every Muslim. In this...
HIGHER EDUCATION AND THE CHALLENGES OF MANPOWER TRAINING AND NATIONAL DEVELOPMENT IN NIGERIA
This study investigated the challenges which Manpower Training and National Development pose for higher education in Nigeria. The rationale for the study is the very embarrassing unemployment climate vi-a-vis the ever...
INVESTIGATION AT GLOBAL AND MEDITERRANEAN SCALES OF MEAN SEA LEVEL HEIGHT VARIABILITY BY SINGULAR SPECTRUM ANALYSIS
The spatial sampling offered by satellite altimetry and its continuity during the last years are major assets to provide an improved vision of the oceanic variability. In this paper, the seasonal and interannual variabil...