The Influence of Tax Revenue, Government Expenditures, Fiscal Decentralization, Carbon Emission and Exports on Economic Growth of Developing Countries

Channew Maneerat and Snober Fazal ()
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Channew Maneerat: Lampang Rajabhat University, Thailand.
Snober Fazal: The Islamia University of Bahawalpur, Pakistan.

iRASD Journal of Economics, 2020, vol. 1, issue 2, 1-12

Abstract: Nowadays, high economic growth is a significant task for the betterment of society, every country worldwide, and the researchers' attention. Therefore, the present study aims to examine the role of tax revenue, government expenditures, fiscal decentralization, carbon emission, and exports on developing countries' economic growth. The data has been gathered from the World Development Indicator (WDI) for the year 2008-2019 from fifteen emerging developing countries worldwide. The present study executed the robust standard error and generalized method of moment (GMM) to check the association between tax revenue, government expenditures, fiscal decentralization, carbon emission, exports, and developing countries' economic growth. The results revealed that all the predictors such as tax revenue, government expenditures, fiscal decentralization, carbon emission, and exports have positive nexus with developing countries' economic growth. These outcomes help the developing countries' regulators focus on the foremost factors that could enhance the country's economic growth.

Keywords: Tax revenue; Government expenditures; Fiscal decentralization; Carbon emission; Exports; Economic growth (search for similar items in EconPapers)
JEL-codes: C23 O13 O44 Q28 Q53 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ani:irdjoe:v:2:y:2020:i:1:p:1-12

DOI: 10.52131/joe.2020.0101.0011

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