Financial Development and Tax Revenue in Developing Countries: Investigating the International Trade and Economic Growth Channels

Sèna Kimm Gnangnon

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: This study examines the effect of financial development on non-resource tax revenue performance in developing countries, including through the international trade and economic growth channels. Using a sample of 104 developing countries over the period 1980-2014, the empirical analysis shows that financial development exerts a positive effect on non-resource tax revenue performance. Interestingly, this positive effect takes place through higher trade openness, greater export product diversification, higher share of manufactured exports in total export products, and higher economic growth rate.

Keywords: Non-resource tax revenue; financial development; trade openness; export product diversification; manufacturing exports; economic growth (search for similar items in EconPapers)
JEL-codes: F14 G20 H20 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-fdg and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:206628

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