Impact of tax revenue on economic growth: A study from Cambodia
The study examines the impact of tax revenue on economic growth in Cambodia from 1994 to 2022. The Autoregressive Distributed Lag (ARDL) method is applied to test the cointegration between variables. It analyzes long- and short-run dynamics between tax revenue and economic growth, considering specia...
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| Format: | Article |
| Language: | English |
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HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
2024-09-01
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| Series: | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
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| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3291 |
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| author | Kong Chantha |
| author_facet | Kong Chantha |
| author_sort | Kong Chantha |
| collection | DOAJ |
| description | The study examines the impact of tax revenue on economic growth in Cambodia from 1994 to 2022. The Autoregressive Distributed Lag (ARDL) method is applied to test the cointegration between variables. It analyzes long- and short-run dynamics between tax revenue and economic growth, considering special taxes, public expenditure, and the service sector’s growth. The findings reveal a significant positive association between tax revenue and economic growth in the long run, indicating that a 1% increase in tax revenue leads to a 0.11% increase in economic growth, while special taxes positively impact economic growth. However, public expenditure exhibits a negative relationship with long-term growth. Moreover, the growth of the service sector emerges as a vital driver of economic expansion. The short-run dynamics suggest fluctuations in tax revenue’s impact on economic growth. The regression model exhibits high explanatory power, with diagnostic tests confirming its reliability. Therefore, The Royal Government should balance and optimize tax laws and regulations, continually amending and compiling them. Additionally, consistent policies and strategic plans should be established to prevent tax evasion and eliminate corruption in tax affairs. |
| format | Article |
| id | doaj-art-bc6312ddf34c4d8a929d05dac2cad75e |
| institution | DOAJ |
| issn | 2734-9314 2734-9586 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE |
| record_format | Article |
| series | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| spelling | doaj-art-bc6312ddf34c4d8a929d05dac2cad75e2025-08-20T03:08:28ZengHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEHo Chi Minh City Open University Journal of Science - Economics and Business Administration2734-93142734-95862024-09-0115332010.46223/HCMCOUJS.econ.en.15.3.3291.20252213Impact of tax revenue on economic growth: A study from CambodiaKong Chantha0Royal Academy of Cambodia, Phnom PenhThe study examines the impact of tax revenue on economic growth in Cambodia from 1994 to 2022. The Autoregressive Distributed Lag (ARDL) method is applied to test the cointegration between variables. It analyzes long- and short-run dynamics between tax revenue and economic growth, considering special taxes, public expenditure, and the service sector’s growth. The findings reveal a significant positive association between tax revenue and economic growth in the long run, indicating that a 1% increase in tax revenue leads to a 0.11% increase in economic growth, while special taxes positively impact economic growth. However, public expenditure exhibits a negative relationship with long-term growth. Moreover, the growth of the service sector emerges as a vital driver of economic expansion. The short-run dynamics suggest fluctuations in tax revenue’s impact on economic growth. The regression model exhibits high explanatory power, with diagnostic tests confirming its reliability. Therefore, The Royal Government should balance and optimize tax laws and regulations, continually amending and compiling them. Additionally, consistent policies and strategic plans should be established to prevent tax evasion and eliminate corruption in tax affairs.https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3291ardlbounds testcambodiaeconomic growthtax revenue |
| spellingShingle | Kong Chantha Impact of tax revenue on economic growth: A study from Cambodia Ho Chi Minh City Open University Journal of Science - Economics and Business Administration ardl bounds test cambodia economic growth tax revenue |
| title | Impact of tax revenue on economic growth: A study from Cambodia |
| title_full | Impact of tax revenue on economic growth: A study from Cambodia |
| title_fullStr | Impact of tax revenue on economic growth: A study from Cambodia |
| title_full_unstemmed | Impact of tax revenue on economic growth: A study from Cambodia |
| title_short | Impact of tax revenue on economic growth: A study from Cambodia |
| title_sort | impact of tax revenue on economic growth a study from cambodia |
| topic | ardl bounds test cambodia economic growth tax revenue |
| url | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3291 |
| work_keys_str_mv | AT kongchantha impactoftaxrevenueoneconomicgrowthastudyfromcambodia |