Tax as a Stimulus for Growth and Development in Nigeria
Chapter One
Objectives of the Study
Broadly, the objective of this study is to identify the impact of tax revenue on the Nigerian economic growth and development. Other specific objectives include:
- To investigate the impact of company income tax on the growth of the economy of Nigeria.
- To investigate the impact of custom and excise duties on the growth of the economy of Nigeria.
- To investigate the impact of value added tax on the growth of the economy of Nigeria
CHAPTER TWO
LITERATURE REVIEW
Introduction
This chapter will be used by the researcher to assess the previous works of relevant authors on topics related to this study. The researcher will conduct research under the following headings.
· Conceptual Framework
· Review of Empirical Literature
· Theoretical Framework
CHAPTER THREE
RESEARCH METHODOLOGY
Introduction
This chapter gives the methodology employed in the study, involving a discussion of data collection analysis techniques. Against this background, this chapter presents the research design, methods of data collection and techniques analysis of data to be used in the study. Effort is made to describe different tools or techniques employed while analyzing the work. The research focuses on tax as a stimulus for growth and development in Ghana.
Research Design
A research design is the framework or the plan of study that is used as a guide in collecting data and analyzing the data. Also, research design is the plan and structure of investigation conceived so as to obtain answers to research questions. In order words research design is the base method or a tool that is applied in the collection of data that is relevant to provide solution to the research problem (Ndagi 1999).
This study will adopt the Ex-post facto method of research. This is because data needed for analysis already exists. The study will cover Ghana‘s economy with time series rather than cross sectional data being used. Data relating to revenues from different tax components, investment expenditure and GDP will be collected for the years 1981-2010. The study will use Vector Error Collection Model (VECM) to examine the relationship between taxation and the Ghanaian economy which will be measured using its Gross Domestic Product (GDP).
Methods of Data Collection
The data for this study will be obtained mainly from secondary sources. The secondary data that relates to relevant information that depicts the tax structure and characteristics of Ghana will be collected from the bank of ghana statistical Bulletin (2010) and Ghana Revenue Authority (GRA). The data is made up of Gross Domestic Product (GDP) of Ghana from 1981 to 2010 while the data for tax revenue covers the same period and captures revenues from petroleum profit tax, company income tax, value added tax, education tax and all consolidated taxes.
REFERENCES
- Abu N, and Abdullahi U (2010) Government Expenditure and Economic Growth in Nigeria, 1970-2008: A Disaggregated Analysis.Business and Economics Journal,Vol.4
- Al-Yousif Y. (2000) Does Government Expenditure Inhibit or Promote EconomicGrowth: Some Empirical Evidence from Saudi Arabia. Indian Economic Journal, 48(2)
- Barro R, 1990.Government Spending in a Simple Model of Endogenous Growth. Journal of Political Economy, 98(5): 103-125.
- Barro, R.J. (1989). “On the Determination of Public Debt”, Journal of Political Economy, October, pp. 940-971.
- Barro, R. (1990). “Government Spending in a Simple Model of Endogenous Growth”, Journal of Political Econ- omy, 98, pp. S103-S107.
- Barro, R.J. (1996), “Determinants of Economic Growth: A Cross-Country Empirical Study,” Cambridge, MA: NBER Working Paper Series, WP5698.
- Barro, R.J. (1997), “Determinants of Economic Growth: A Cross-Country Empirical Study,” The MIT Press, Cambridge, Massachusetts.
- Barro, R.J., and Sala-i-Martin, X. (1995), “Economic Growth,” New York: McGraw-