Does Tax Revenue Improve Economic Complexity in Africa?

• 영문명: Does Tax Revenue Improve Economic Complexity in Africa?
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Hermann Ndoya Pousseni Bakouan
• 간행물 정보: 『Journal of Economic Integration』제38권 제2호, 278~301쪽, 전체 24쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2023.06.30

영문 초록

This study assesses the effect of tax revenue on economic complexity in Africa using a sample of 29 African countries from 1995 to 2018. Applying the system generalized method of moments (GMM), we found that tax revenue spurs economic complexity in Africa by providing countries with critical financial resources to produce complex and sophisticated goods. We performed several robustness tests, including controlling for macroeconomic volatility and employing various measures of economic complexity and tax revenue, and the results remain robust. Furthermore, the mediation analysis results show that the effect of tax revenue on economic complexity is mediated by financial development and government spending. This study advocates for government strategies to enact tax reforms and maximize tax revenue mobilization, which will help finance economic complexity.

목차

I. Introduction

II. Selective Literature Review

III. Data and Empirical Strategy

IV. Empirical Results

V. Concluding Remarks

References

키워드

tax revenue economic complexity GMM Africa