Personal Income Tax and Economic Growth: A Comparative Study Between China and Pakistan

Amin, Azka; C, Yan; Huang, Shaoan

doi:10.18488/journal.8.2018.61.65.73

Cited by 11 publications

(7 citation statements)

References 14 publications

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“…They found that financial development has a positive and significant effect on economic growth. Amin et al (2018) examined the effect of taxation on economic growth in China and Pakistan during the period 1986 to 2015. Applying estimation based on cointegration analysis and the ARDL model, they found that taxation positively affects long-term economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Economic Growth: The Case of The United States of America

Bakari

Tiba

2022

JDE

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The purpose of this article is to find long- and short-term determinants of U.S. economic growth over the period 1970-2016. By using cointegration analysis and vector error correction models, we compensated for many variables that were not previously linked together. Empirical analysis shows that consumer spending, population, domestic investment, FDI inflows, and exports are long-term sources of economic growth, but FDI outflows, military spending, taxes, and imports are not considered long-term sources of economic growth. grow. In the short run, all variables have no effect on economic growth.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of Economic Growth: The Case of The United States of America

Bakari

Tiba

2022

JDE

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“…Amin et al [9] compared the relationship between personal income tax and economic growth in China and Pakistan using Granger Causality frameworks. The result showed that in Pakistan and China, PIT had a positive influence on economic growth, among others.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The taxation system is an effective and powerful avenue for mobilizing a country's internal resources. The primary goal of a taxation system is to decrease income inequality, finance public goods and services in an economy, encourage effective resource allocation, and economic stability (Amin, Chen & Huang, 2018). Taxation is a fiscal policy instrument used by government of nations to generate revenue.…”

Section: Introductionmentioning

confidence: 99%

Personal Income Tax Revenue and Nigeria's Aggregate Earnings

Omodero¹,

Okafor²,

Nmesirionye³

2021

ujaf

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The contribution of personal income tax to gross national income is assessed in this study. Over the years, tax revenue has been an important government source of income to finance public goods and services. In Nigeria, the tax structure includes personal income tax (PIT) as well as other direct and indirect taxes. There is PIT collection by both the state and federal governments. This study examines the influence of PIT on aggregate income of the country from 2011 to 2020 using ordinary least squares method. The dependent variable is the gross national earnings while the independent variable is the personal income tax collected at the federal government level in Nigeria. The study finds corruption and inflation as two useful control variables that have direct influence and link with individuals' tax compliance in Nigeria. The data sources include the Organization for Economic Co-operation and Development (OECD) for PIT figures, Transparency International (TI) for Corruption Perceptions Index (CPI) data and World Bank Economic Indicators for Gross National Income (GNI) and inflation statistics. The empirical findings reveal that PIT has a significant positive influence on the gross national income. The moderating variables applied are not significant and could not explain the vicissitudes in the gross national earnings. The study recommends improvement in the PIT administration to boost tax revenue collections and remittances to the government treasury. Further suggestion by this study is that corruption and inflation should be minimized to enhance PIT collection at both federal and state government levels.

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“…The survey of mutual impact of personal income tax and economic growth (Amin et al, 2018) shows the existance of long run bond between these two variables. The results present significant relation of personal income tax and economic growth in case of China and Pakistan.…”

Section: Literature Reviewmentioning

confidence: 99%

Mutual impact of personal income tax and macroeconomic indicators

Ćurčić¹,

Milojević²,

Krunić³

2020

Industrija

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From mid-2006 to the end of 2008, numerous decisions were adopted in the public finances of the Republic of Serbia, which resulted in a permanent reduction in tax revenues and in increase of public expenditures. It creates a systemic imbalance between government revenue and expenditure, that is, the fiscal deficit. The emergence of the fiscal deficit is the main motive of the conducted research, where by using a simple regression analysis of the time series of macroeconomic data, authors linked the indicators of economic growth and personal income tax. The results of the research indicate the importance of the influence of personal income tax on the creation of a favorable macroeconomic environment, where the regulation and reform of the existing tax system are imposed as imperatives.

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Personal Income Tax and Economic Growth: A Comparative Study Between China and Pakistan

Abstract: Article History

Cited by 11 publications

References 14 publications

Determinants of Economic Growth: The Case of The United States of America

Determinants of Economic Growth: The Case of The United States of America

Personal Income Tax Revenue and Nigeria's Aggregate Earnings

Mutual impact of personal income tax and macroeconomic indicators

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