Dynamics of revenue generation in Tanzania, Kenya and Uganda: a co-integration and error-correction modeling approach
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Date
2015
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
AJOL
Abstract
The dynamics of revenue generation in Tanzania, Kenya and Uganda are explored. Results demonstrate that revenue generation is sluggish in Tanzania compared to Kenya and Uganda. Macroeconomic environment, economic structure, and level of development are fundamental at explaining these differences. Results reveal that these countries have the potential for generating more revenue, if could address weaknesses inherent in their tax systems. Computerization of tax collection; expansion of the tax base; address problems associated with tax revenue leakages; and instituting strong legal enforcements should be at the fore in the ongoing tax reforms so as to enhance tax revenue collection
Description
Abstract. Full text article available at https://www.ajol.info/index.php/ajer/article/view/119428/108886
Keywords
Short-run, Long-run, Revenue generation, Tax buoyancy, Error-correction, Tax system, Tax collection, Revenue leakage, Tax base, Tax revenue
Citation
Mwakalobo, A. B. (2015). Dynamics of Revenue Generation in Tanzania, Kenya and Uganda: A Co-integration and error-correction modeling approach. African Journal of Economic Review, 3(2), 15-37.