DO GOVERNMENT TAXES HAVE IMPLICATIONS ON MANUFACTURING SECTOR OUTPUT? EVIDENCE FROM NIGERIA
Background: The implications of taxes on output have generated different debates and controversial issues among scholars, most especially in developing economies. Objectives: Hence, the short and long-run impact of taxes on output in the manufacturing sector is examined in Nigeria. Method: To achiev...
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| Veröffentlicht in: | Journal of Management Information and Decision Sciences 2019-01, Vol.22 (3), p.181-190 |
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| container_title | Journal of Management Information and Decision Sciences |
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| creator | Oladipo, Olufemi Adebayo Iyoha, Odianonsen Francis Fakile, Adeniran Samuel Asaleye, Abiola John Eluyela, Damilola Felix |
| description | Background: The implications of taxes on output have generated different debates and controversial issues among scholars, most especially in developing economies. Objectives: Hence, the short and long-run impact of taxes on output in the manufacturing sector is examined in Nigeria. Method: To achieve these objectives, the study investigates the effects of company income and value-added taxes on the output of the manufacturing sector in Nigeria using AutoRegressive Distributed Lags. Results: The long-run result revealed that there is a positive relationship between corporate taxes and the output of the manufacturing sector, while value-added tax reveals a negative relationship with the output. Evidence from the short-run result shows that company income tax is not statistically significant at the level of 5 per cent confirming the Ricardian Equivalence, although, the value-added tax is observed to be positively related to the output of the manufacturing sector. Conclusion: The implications of the result revealed that fiscal measures via taxation and expenditure have not enhanced the productive capacity of the manufacturing sector in Nigeria. |
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EVIDENCE FROM NIGERIA</title><source>EZB-FREE-00999 freely available EZB journals</source><source>Alma/SFX Local Collection</source><creator>Oladipo, Olufemi Adebayo ; Iyoha, Odianonsen Francis ; Fakile, Adeniran Samuel ; Asaleye, Abiola John ; Eluyela, Damilola Felix</creator><creatorcontrib>Oladipo, Olufemi Adebayo ; Iyoha, Odianonsen Francis ; Fakile, Adeniran Samuel ; Asaleye, Abiola John ; Eluyela, Damilola Felix</creatorcontrib><description>Background: The implications of taxes on output have generated different debates and controversial issues among scholars, most especially in developing economies. Objectives: Hence, the short and long-run impact of taxes on output in the manufacturing sector is examined in Nigeria. Method: To achieve these objectives, the study investigates the effects of company income and value-added taxes on the output of the manufacturing sector in Nigeria using AutoRegressive Distributed Lags. Results: The long-run result revealed that there is a positive relationship between corporate taxes and the output of the manufacturing sector, while value-added tax reveals a negative relationship with the output. Evidence from the short-run result shows that company income tax is not statistically significant at the level of 5 per cent confirming the Ricardian Equivalence, although, the value-added tax is observed to be positively related to the output of the manufacturing sector. Conclusion: The implications of the result revealed that fiscal measures via taxation and expenditure have not enhanced the productive capacity of the manufacturing sector in Nigeria.</description><identifier>ISSN: 1524-7252</identifier><identifier>EISSN: 1532-5806</identifier><language>eng</language><publisher>London: Allied Business Academies</publisher><subject>Corporate taxes ; Economic development ; Economic growth ; Economic models ; Expenditures ; Fiscal policy ; Generalized method of moments ; Government spending ; Hypotheses ; Impact analysis ; Income ; Income taxes ; Manufacturing ; Regression analysis ; Studies ; Tax increases ; Tax rates ; Taxation ; Taxes ; Time series ; VAT</subject><ispartof>Journal of Management Information and Decision Sciences, 2019-01, Vol.22 (3), p.181-190</ispartof><rights>Copyright Jordan Whitney Enterprises, Inc 2019</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780</link.rule.ids></links><search><creatorcontrib>Oladipo, Olufemi Adebayo</creatorcontrib><creatorcontrib>Iyoha, Odianonsen Francis</creatorcontrib><creatorcontrib>Fakile, Adeniran Samuel</creatorcontrib><creatorcontrib>Asaleye, Abiola John</creatorcontrib><creatorcontrib>Eluyela, Damilola Felix</creatorcontrib><title>DO GOVERNMENT TAXES HAVE IMPLICATIONS ON MANUFACTURING SECTOR OUTPUT? EVIDENCE FROM NIGERIA</title><title>Journal of Management Information and Decision Sciences</title><description>Background: The implications of taxes on output have generated different debates and controversial issues among scholars, most especially in developing economies. Objectives: Hence, the short and long-run impact of taxes on output in the manufacturing sector is examined in Nigeria. Method: To achieve these objectives, the study investigates the effects of company income and value-added taxes on the output of the manufacturing sector in Nigeria using AutoRegressive Distributed Lags. Results: The long-run result revealed that there is a positive relationship between corporate taxes and the output of the manufacturing sector, while value-added tax reveals a negative relationship with the output. Evidence from the short-run result shows that company income tax is not statistically significant at the level of 5 per cent confirming the Ricardian Equivalence, although, the value-added tax is observed to be positively related to the output of the manufacturing sector. Conclusion: The implications of the result revealed that fiscal measures via taxation and expenditure have not enhanced the productive capacity of the manufacturing sector in Nigeria.</description><subject>Corporate taxes</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic models</subject><subject>Expenditures</subject><subject>Fiscal policy</subject><subject>Generalized method of moments</subject><subject>Government spending</subject><subject>Hypotheses</subject><subject>Impact analysis</subject><subject>Income</subject><subject>Income taxes</subject><subject>Manufacturing</subject><subject>Regression analysis</subject><subject>Studies</subject><subject>Tax increases</subject><subject>Tax rates</subject><subject>Taxation</subject><subject>Taxes</subject><subject>Time series</subject><subject>VAT</subject><issn>1524-7252</issn><issn>1532-5806</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid/><recordid>eNotjU1LwzAAhoM4cE7_Q8BzIV9tkpOELu0CbTLatAw8jPTrMMTNdfv_VvTyPO_peR_AGseURLFAyePvJiziJCZP4HmeTwjFnBG-Bh9bB3PX6sqW2nro1UHXcKdaDU25L0yqvHG2hs7CUtkmU6lvKmNzWOvUuwq6xu8b_w51a7baphpmlSuhNbmujHoBqyl8zuPrvzfAZ9qnu6hw-VIuoosUtyjwXkhGY4TF1DE-SILZNAxsoIjTMQlJ34095nIMQpBOhpAMeGHgEuOFiG7A21_2cj1_38f5djyd79ev5fFIKMWUc44R_QGbn0eH</recordid><startdate>20190101</startdate><enddate>20190101</enddate><creator>Oladipo, Olufemi Adebayo</creator><creator>Iyoha, Odianonsen Francis</creator><creator>Fakile, Adeniran Samuel</creator><creator>Asaleye, Abiola John</creator><creator>Eluyela, Damilola Felix</creator><general>Allied Business Academies</general><scope/></search><sort><creationdate>20190101</creationdate><title>DO GOVERNMENT TAXES HAVE IMPLICATIONS ON MANUFACTURING SECTOR OUTPUT? 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Evidence from the short-run result shows that company income tax is not statistically significant at the level of 5 per cent confirming the Ricardian Equivalence, although, the value-added tax is observed to be positively related to the output of the manufacturing sector. Conclusion: The implications of the result revealed that fiscal measures via taxation and expenditure have not enhanced the productive capacity of the manufacturing sector in Nigeria.</abstract><cop>London</cop><pub>Allied Business Academies</pub><tpages>10</tpages></addata></record> |
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| source | EZB-FREE-00999 freely available EZB journals; Alma/SFX Local Collection |
| subjects | Corporate taxes Economic development Economic growth Economic models Expenditures Fiscal policy Generalized method of moments Government spending Hypotheses Impact analysis Income Income taxes Manufacturing Regression analysis Studies Tax increases Tax rates Taxation Taxes Time series VAT |
| title | DO GOVERNMENT TAXES HAVE IMPLICATIONS ON MANUFACTURING SECTOR OUTPUT? EVIDENCE FROM NIGERIA |
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