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TAX REVENUES EFFECTS OF CORRUPTION AND GOVERNANCE IN WAEMU COUNTRIES

ABDOULAYE DRAMANE
경제연구소 (Hanyang Economic Research Institute)|2022.12|Journal of Economic Development|제47권 제4호|pp. 143-164|DOI 10.35866/caujed.2022.47.4.007

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GovernanceCorruptionTax revenuesWAEMU
주제분류경제학

초록

Tax revenue mobilization constitutes one of the major challenges facing African countries in general and those of the West African Economic and Monetary Union (WAEMU) in particular to finance their various development programs. Thus, this article aims to analyse the tax revenues effects of corruption and governance in WAEMU countries. To this end, an econometric model is estimated using three relevant methods, namely, the fixed effects method, fixed effects with sample heteroscedasticity correction and the instrumental variables method on a panel of seven countries over the period 1996-2017. The findings show that governance positively affects tax revenues, while corruption hinders tax revenues from increasing in WAEMU countries. The results obtained have made it possible to suggest concrete actions in terms of economic policy implications with a view to increasing tax revenues in the countries of this area.

Abstract

Tax revenue mobilization constitutes one of the major challenges facing African countries in general and those of the West African Economic and Monetary Union (WAEMU) in particular to finance their various development programs. Thus, this article aims to analyse the tax revenues effects of corruption and governance in WAEMU countries. To this end, an econometric model is estimated using three relevant methods, namely, the fixed effects method, fixed effects with sample heteroscedasticity correction and the instrumental variables method on a panel of seven countries over the period 1996-2017. The findings show that governance positively affects tax revenues, while corruption hinders tax revenues from increasing in WAEMU countries. The results obtained have made it possible to suggest concrete actions in terms of economic policy implications with a view to increasing tax revenues in the countries of this area.

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