Work

Impact of Shadow Economy on Tax Revenue in Sub-Saharan Africa

Year: 2024

Type: article

Abstract: This study tends to focus on how shadow economy and trade openness influence tax revenue in the Sub-Saharan Africa (SSA). The study used four SSA countries to test this relationship from 1991 to 2017. The study employs pool OLS with robust standard error to address the potential threat of heteroscedasticity. The result from this estimation indicate that shadow economy diminished the amount of tax revenue generated by these countries. Thus, the study recommends that appropriate measures should be put in place to curtail the size of the shadow economy because of its detrimental effects on tax revenue.

Source: FUDMA Journal of Accounting and Finance Research [FUJAFR]

DOI: 10.33003/fujafr-2024.v2i4.130.1-10

Authors: Adamu Adamu Idris, Ismaila Yusuf, Olusegun Oyindamola Ekundayo, Yunusa Abdulateef

Institution: Federal University Dutsin-Ma

Language: English

Topic: Taxation and Compliance Studies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4404028029

FWCI: 0.712

Cites: 47

Cited by: 2

Related to: 10