Comparative Analysis Of The Effect Of Value Added Tax (Vat) On Economic Growth: Emprical Study Of Nigeria And Ghana 2003 - 2016
ABSTRACT
There has been an argument on whether to increase the VAT rate or VAT base in countries. To ascertain this, this study compared the impact of value added tax on the economic growth of Nigeria and Ghana. The ex-post facto research design was adopted for the study and data were collected from Federal Inland Revenue Services {FIRS} and Central Bank of Nigeria (CBN} Statistical Bulletin; and Statistical Bulletin of Ghana Central Bank for the period 2003-2016. Economic growth was proxied by real GDP while VAT was measured by VAT revenues in the two countries under review. For comparative purposes, the local currencies of the countries under review were used. The study employed Ordinary Least Square {OLS) regression method. The regression results revealed that value added tax (VAT) has a positive and significant effect on economic growth in Nigeria and Ghana but its impact in Nigeria's economic growth was higher when compared to Ghana's. It was recommended that Nigeria should increase her VAT rate while Ghana should increase her VAT base
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UKANWOKE, O (2021). Comparative Analysis Of The Effect Of Value Added Tax (Vat) On Economic Growth: Emprical Study Of Nigeria And Ghana 2003 - 2016. Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/comparative-analysis-of-the-effect-of-value-added-tax-vat-on-economic-growth-emprical-study-of-nigeria-and-ghana-2003-2016-7-2
OLUCHI, UKANWOKE. "Comparative Analysis Of The Effect Of Value Added Tax (Vat) On Economic Growth: Emprical Study Of Nigeria And Ghana 2003 - 2016" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 02 Jun. 2021, https://repository.mouau.edu.ng/work/view/comparative-analysis-of-the-effect-of-value-added-tax-vat-on-economic-growth-emprical-study-of-nigeria-and-ghana-2003-2016-7-2. Accessed 25 Nov. 2024.
OLUCHI, UKANWOKE. "Comparative Analysis Of The Effect Of Value Added Tax (Vat) On Economic Growth: Emprical Study Of Nigeria And Ghana 2003 - 2016". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 02 Jun. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/comparative-analysis-of-the-effect-of-value-added-tax-vat-on-economic-growth-emprical-study-of-nigeria-and-ghana-2003-2016-7-2 >.
OLUCHI, UKANWOKE. "Comparative Analysis Of The Effect Of Value Added Tax (Vat) On Economic Growth: Emprical Study Of Nigeria And Ghana 2003 - 2016" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/comparative-analysis-of-the-effect-of-value-added-tax-vat-on-economic-growth-emprical-study-of-nigeria-and-ghana-2003-2016-7-2