Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU)

Aichatou Mourfou; Idrissa Mohamed Ouedraogo

doi:doi:10.11648/j.jbed.20210601.11

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Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU)

Aichatou Mourfou, Idrissa Mohamed Ouedraogo

Published in Journal of Business and Economic Development (Volume 6, Issue 1)

Received: 5 January 2021 Accepted: 18 January 2021 Published: 25 January 2021

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Abstract

The objective of this paper is to analyze the effect of the quality of institutions on the different types of tax revenues, in particular on the total tax revenue, the direct tax revenue, the domestic indirect tax revenue and the trade tax revenue. The econometric analysis used the Pooled Mean Group (PMG) estimator over the period from 1996 to 2015. The results of the estimates show that in the WAEMU zone, the quality of institutions has a positive and significant effect on all types of tax revenues except for trade tax revenue. These results are robust because they do not change according to the different indicators used to measure the quality of institutions. Furthermore, overall, GDP per capita positively and significantly affects total and indirect domestic tax revenue, while it has a negative effect on direct tax revenue. Trade openness has a positive and significant effect on all types of tax revenues, except for indirect domestic tax revenue. The share of agriculture has a positive and significant effect on all types of revenue except trade tax revenue. Inflation has a negative and significant effect on all types of tax revenues. The share of natural resources and the size of the informal sector show mixed results.

Published in	Journal of Business and Economic Development (Volume 6, Issue 1)
DOI	10.11648/j.jbed.20210601.11
Page(s)	1-11
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Total Tax Revenue, Direct Tax Revenue, Domestic Indirect Tax Revenue, Trade Tax Revenue, Quality of Institutions, PMG, WAEMU

References

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APA Style

Aichatou Mourfou, Idrissa Mohamed Ouedraogo. (2021). Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU). Journal of Business and Economic Development, 6(1), 1-11. https://doi.org/10.11648/j.jbed.20210601.11

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ACS Style

Aichatou Mourfou; Idrissa Mohamed Ouedraogo. Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU). J. Bus. Econ. Dev. 2021, 6(1), 1-11. doi: 10.11648/j.jbed.20210601.11

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AMA Style

Aichatou Mourfou, Idrissa Mohamed Ouedraogo. Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU). J Bus Econ Dev. 2021;6(1):1-11. doi: 10.11648/j.jbed.20210601.11

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@article{10.11648/j.jbed.20210601.11,
  author = {Aichatou Mourfou and Idrissa Mohamed Ouedraogo},
  title = {Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU)},
  journal = {Journal of Business and Economic Development},
  volume = {6},
  number = {1},
  pages = {1-11},
  doi = {10.11648/j.jbed.20210601.11},
  url = {https://doi.org/10.11648/j.jbed.20210601.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20210601.11},
  abstract = {The objective of this paper is to analyze the effect of the quality of institutions on the different types of tax revenues, in particular on the total tax revenue, the direct tax revenue, the domestic indirect tax revenue and the trade tax revenue. The econometric analysis used the Pooled Mean Group (PMG) estimator over the period from 1996 to 2015. The results of the estimates show that in the WAEMU zone, the quality of institutions has a positive and significant effect on all types of tax revenues except for trade tax revenue. These results are robust because they do not change according to the different indicators used to measure the quality of institutions. Furthermore, overall, GDP per capita positively and significantly affects total and indirect domestic tax revenue, while it has a negative effect on direct tax revenue. Trade openness has a positive and significant effect on all types of tax revenues, except for indirect domestic tax revenue. The share of agriculture has a positive and significant effect on all types of revenue except trade tax revenue. Inflation has a negative and significant effect on all types of tax revenues. The share of natural resources and the size of the informal sector show mixed results.},
 year = {2021}
}

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TY  - JOUR
T1  - Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU)
AU  - Aichatou Mourfou
AU  - Idrissa Mohamed Ouedraogo
Y1  - 2021/01/25
PY  - 2021
N1  - https://doi.org/10.11648/j.jbed.20210601.11
DO  - 10.11648/j.jbed.20210601.11
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 1
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PB  - Science Publishing Group
SN  - 2637-3874
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AB  - The objective of this paper is to analyze the effect of the quality of institutions on the different types of tax revenues, in particular on the total tax revenue, the direct tax revenue, the domestic indirect tax revenue and the trade tax revenue. The econometric analysis used the Pooled Mean Group (PMG) estimator over the period from 1996 to 2015. The results of the estimates show that in the WAEMU zone, the quality of institutions has a positive and significant effect on all types of tax revenues except for trade tax revenue. These results are robust because they do not change according to the different indicators used to measure the quality of institutions. Furthermore, overall, GDP per capita positively and significantly affects total and indirect domestic tax revenue, while it has a negative effect on direct tax revenue. Trade openness has a positive and significant effect on all types of tax revenues, except for indirect domestic tax revenue. The share of agriculture has a positive and significant effect on all types of revenue except trade tax revenue. Inflation has a negative and significant effect on all types of tax revenues. The share of natural resources and the size of the informal sector show mixed results.
VL  - 6
IS  - 1
ER  -

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Author Information

Aichatou Mourfou

Department of Economics and Management, University Thomas Sankara, Ouagadougou, Burkina-Faso
Idrissa Mohamed Ouedraogo

PhD School, University Aube Nouvelle, Ouagadougou, Burkina-Faso

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Plain Text BibTeX RIS

APA Style

Aichatou Mourfou, Idrissa Mohamed Ouedraogo. (2021). Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU). Journal of Business and Economic Development, 6(1), 1-11. https://doi.org/10.11648/j.jbed.20210601.11

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ACS Style

Aichatou Mourfou; Idrissa Mohamed Ouedraogo. Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU). J. Bus. Econ. Dev. 2021, 6(1), 1-11. doi: 10.11648/j.jbed.20210601.11

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AMA Style

Aichatou Mourfou, Idrissa Mohamed Ouedraogo. Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU). J Bus Econ Dev. 2021;6(1):1-11. doi: 10.11648/j.jbed.20210601.11

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@article{10.11648/j.jbed.20210601.11,
  author = {Aichatou Mourfou and Idrissa Mohamed Ouedraogo},
  title = {Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU)},
  journal = {Journal of Business and Economic Development},
  volume = {6},
  number = {1},
  pages = {1-11},
  doi = {10.11648/j.jbed.20210601.11},
  url = {https://doi.org/10.11648/j.jbed.20210601.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20210601.11},
  abstract = {The objective of this paper is to analyze the effect of the quality of institutions on the different types of tax revenues, in particular on the total tax revenue, the direct tax revenue, the domestic indirect tax revenue and the trade tax revenue. The econometric analysis used the Pooled Mean Group (PMG) estimator over the period from 1996 to 2015. The results of the estimates show that in the WAEMU zone, the quality of institutions has a positive and significant effect on all types of tax revenues except for trade tax revenue. These results are robust because they do not change according to the different indicators used to measure the quality of institutions. Furthermore, overall, GDP per capita positively and significantly affects total and indirect domestic tax revenue, while it has a negative effect on direct tax revenue. Trade openness has a positive and significant effect on all types of tax revenues, except for indirect domestic tax revenue. The share of agriculture has a positive and significant effect on all types of revenue except trade tax revenue. Inflation has a negative and significant effect on all types of tax revenues. The share of natural resources and the size of the informal sector show mixed results.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Effect of the Quality of Institutions on the Tax Structure in West African Economic and Monetary Union Countries (WAEMU)
AU  - Aichatou Mourfou
AU  - Idrissa Mohamed Ouedraogo
Y1  - 2021/01/25
PY  - 2021
N1  - https://doi.org/10.11648/j.jbed.20210601.11
DO  - 10.11648/j.jbed.20210601.11
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 1
EP  - 11
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20210601.11
AB  - The objective of this paper is to analyze the effect of the quality of institutions on the different types of tax revenues, in particular on the total tax revenue, the direct tax revenue, the domestic indirect tax revenue and the trade tax revenue. The econometric analysis used the Pooled Mean Group (PMG) estimator over the period from 1996 to 2015. The results of the estimates show that in the WAEMU zone, the quality of institutions has a positive and significant effect on all types of tax revenues except for trade tax revenue. These results are robust because they do not change according to the different indicators used to measure the quality of institutions. Furthermore, overall, GDP per capita positively and significantly affects total and indirect domestic tax revenue, while it has a negative effect on direct tax revenue. Trade openness has a positive and significant effect on all types of tax revenues, except for indirect domestic tax revenue. The share of agriculture has a positive and significant effect on all types of revenue except trade tax revenue. Inflation has a negative and significant effect on all types of tax revenues. The share of natural resources and the size of the informal sector show mixed results.
VL  - 6
IS  - 1
ER  -

Copy | Download