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Author Agbeyegbe, Terence D., author

Title Trade liberalization, exchange rate changes, and tax revenue in Sub-Saharan Africa / prepared by Terence Agbeyegbe, Janet G. Stotsky, and Asegedech WoldeMariam
Published [Washington D.C.] : International Monetary Fund, [2004]
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Description 1 online resource (31 pages)
Series IMF working paper ; WP/04/178
IMF working paper ; WP/04/178
Summary Empirical evidence on the relationship between trade liberalization, exchange rates, and tax revenue is mixed. This paper examines these linkages anew. Using a panel of 22 countries in Sub-Saharan Africa, over 1980-1996, we perform Generalized Method of Moment regressions to test this relationship. We find evidence that the relationship between trade liberalization and tax revenue is sensitive to the measure used to proxy trade liberalization, but that, in general, trade liberalization is not strongly linked to aggregate tax revenue or its components-though with one measure, it is linked to higher income tax revenue. Currency appreciation and higher inflation show some linkage to lower tax revenues or its components. These results show some partial consistency with previous findings, and support the notion that trade liberalization accompanied by appropriate macroeconomic policies can be undertaken in a way that preserves overall revenue yield
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign exchange rates -- Africa, Sub-Saharan.
Taxation -- Africa, Sub-Saharan.
Africa South of the Sahara -- Commercial policy.
Form Electronic book
Author Stotsky, Janet Gale, author
WoldeMariam, Asegedech, author
International Monetary Fund. Fiscal Affairs Department, issuing body
International Monetary Fund. Secretary's Department, issuing body
ISBN 1451904347