Long-Term Asymmetric Impact of VAT on Domestic Investment in Nigeria
Nurudeen Abu,
Blessing Izuagie,
Onyewuchi Amaechi Ben-Obi
Abstract:We employ a non-linear ARDL (NARDL) technique to explore long-term asymmetric influence of value added tax (VAT) on domestic investment using quarterly data for Nigeria from 1994 to 2021. A long-term relation was found between domestic investment and VAT (alongside lending and inflation rates, credit to private sector, exchange rate, openness and households’ consumption expenditure) based on the bounds test to cointegration. We uncovered a long-term asymmetric association between domestic investment and VAT. T… Show more
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