Titre : | How Financial Sector Development Improve Tax Revenue Mobilization for Developing Countries? |
Auteurs : | Aguima Aimé Bernard Lompo |
Type de document : | Working Paper |
Mention d'édition : | 2021-08 |
Editeur : | Clermont-Ferrand : Centre d'études et de recherches sur le développement international (Cerdi), 2021 |
Format : | 42 p. |
Langues: | Anglais |
Catégories : |
[Eurovoc] ÉCONOMIE > situation économique > développement économique > croissance économique [Eurovoc] ÉCONOMIE > situation économique > développement économique > pays en développement [Eurovoc] FINANCES > fiscalité > fiscalité > collecte de l'impôt [Eurovoc] FINANCES > fiscalité > politique fiscale [Eurovoc] FINANCES > institutions financières et crédit [JEL] H - Économie publique > H2 - Fiscalité, subventions et revenus > H20 - Généralités |
Tags : | financial development ; non-resource tax revenue ; domestic tax revenue ; economic growth |
Résumé : | This study examines the effect of financial development on tax revenue mobilization in developing countries. Our empirical analysis uses the aggregate financial index that comprises the banking system's depth (size and activity), access, and efficiency of financial institutions and financial markets. Using panel data from developing countries over the period 1995-2017, our findings suggest that more developed financial sectors positively and significantly influence the government's ability to raise tax revenue. More interestingly, we find that this favorable effect is sensitive to developing countries characteristics, namely the level of economic development, the degree of financial openness and the stance of fiscal policies. When we more precisely look at the effects of disaggregated financial development components on tax revenues mobilization, we find that the estimated coefficients on the sub-components of financial development are statistically significant at least at 5 % of significance, except for the financial market's efficiency. The results denote that tax revenue in developing countries depends on financial institutions and financial markets. Finally, our results show that financial development contributes positively to tax revenue mobilization excluding resources. |
Axe de recherche : | Financement du développement |
En ligne : | https://hal.uca.fr/hal-03328502 |
Edition suivante : |
Documents numériques (1)
https://hal.uca.fr/hal-03328502/file/E%26D_24.pdf URL |