The Nigeria Tax System and Economic Growth: A Time Series Analysis

Ifurueze M. S. K CNA Acti () and Muhammad Ekezie Chineze Abigail
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Ifurueze M. S. K CNA Acti: Anambra State University, Nigeria
Muhammad Ekezie Chineze Abigail: Anambra State University, Nigeria

International Journal of Economics and Empirical Research (IJEER), 2014, vol. 2, issue 4, 163-169

Abstract: This paper examines the Nigeria tax system and economic growth using a time series data. The data for the analysis were collected from CBN statistical bulletin and federal inland revenue services. The data was decomposed. Regression analysis was used to ascertain the relationships between the variable. The study finds a linear relationship between economic growth and tax revenue. The analysis results show that indirect tax contribution to total tax revenue and economic growth glucoses more than direct tax over the period under revenue. The study therefore recommended among other; introduction and reliance more on indirect tax than direct tax due to its growth prospect, ease of administration and its less distortionarity.

Keywords: Economic growth; Direct tax; Indirect tax (search for similar items in EconPapers)
JEL-codes: H2 O4 (search for similar items in EconPapers)
Date: 2014
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