COMPARATIVE ANALYSIS OF THE EFFECTS OF TAX REVENUE ON ECONOMIC PERFORMANCE OF WEST AFRICAN COMMONWEALTH COUNTRIES

Silvia NwakaegoOnyekachi 1 , and John Uzoma Ihendinihu 2
Department of Accounting,
College of Management Sciences
Michael Okpara University of Agriculture, Umudike, Nigeria
onyekachi.silvia@mouau.edu.ng and ihendinihu.john@gmail.com

This study investigates the impact of tax revenue on human development index of West African
Commonwealth countries; Ghana, Nigeria, Sierra Leone and the Gambia. Secondary data on
direct and indirect tax revenues, and human development index were electronically obtained
from the websites of International Center for Tax and Development and World Bank. Ordinary
least square regression analysis was applied and results show that while direct tax revenue
has significant and positive effect, indirect tax revenue has negative and significant influence
on human development index of West African Commonwealth countries. The paper concludes
that tax revenue provides a great opportunity for improving the human development index of
West African Commonwealth countries. The study therefore calls for government
administrations of these countries to ensure that indirect tax revenue are adequately harnessed
to improve quality of human lives by making effective policies and upholding accountability of
tax revenues collected.

Download Full Text

Leave a Reply

Your email address will not be published.