Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/303573 
Year of Publication: 
2022
Citation: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 10 [Issue:] 1 [Article No.:] 2026660 [Year:] 2022 [Pages:] 1-20
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
This study identifies the determinants of tax revenue in Southeast Asia based on a balanced dataset of eight countries. By employing static (pooled Ordinary Least Squares (OLS), fixed effects (FE) model, random effects (RE) model and Driscoll-Kraay standard error) as well as dynamic panel data (system-generalized method of moments) regression techniques, we show that the openness of the economy, foreign direct investment (FDI), the ratio of foreign debt to the gross domestic product (GDP), the share of value added in industry to GDP have positive impacts on tax revenue, and official development assistance has a negative impact. We suggest that Southeast Asian countries design better policies in international trade as well as attract FDI, speed up the process of economic restructuring, and enhance the capacity to mobilize, manage, and use foreign debt and assistance in order to collect more taxes.
Subjects: 
Driscoll-Kraay
determinants of tax revenue
Southeast Asia
system-GMM
JEL: 
H2
O1
O2
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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