Tax effort performance in sub-Sahara Africa and the role of colonialism

Feger, Thuto; Asafu‐Adjaye, John

doi:10.1016/j.econmod.2013.12.020

Cited by 27 publications

(25 citation statements)

References 17 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…13.1 shows that the ratio of indirect taxes to GDP increased steadily. This is in line with the findings of Feger and Asafu-Adjaye (2014), who concluded that the tax structure in sub-Saharan Africa (SSA) is skewed toward indirect taxes because the existing structural, institutional, and policy characteristics in these countries are not conducive to the collection of direct taxes. It is also argued that indirect taxes are less sensitive to these influences; hence, they can be collected with little effort and are relatively easy to administer (Khan 2001).…”

Section: Agricultural Tax Revenue Growthsupporting

confidence: 79%

“…In fact, the tax ratio trend is not stable, implying inconsistency in tax performance that could be due to fluctuations in GDP. According to Feger and Asafu-Adjaye (2014), to date, total tax revenue collection in SSA countries has only averaged about 15% of GDP. However, in the case of Ethiopia, it is 11.5%, which is still below the SSA average amount.…”

Section: Agricultural Tax Revenue Growthmentioning

confidence: 99%

“…In a recent study, Feger and Asafu-Adjaye (2014) conclude that in order to advance development, governments are required to spend more on public services and this can be achieved by improving tax revenue mobilization. A similar opinion was expressed by Besley and Ghatak (2006) when they wrote, 'the different public goods such as availability of clean drinking water, sewage disposal, transportations, health care, and primary and secondary schools are the necessity for well-being as well as an input for increasing the productivity.'…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Relationship Between Inflation and Real Economic Growth in Rwanda

Nkikabahizi

Ndagijimana

Musabanganji

2017

Frontiers in African Business Research

View full text Add to dashboard Cite

Section: Agricultural Tax Revenue Growthsupporting

confidence: 79%

Section: Agricultural Tax Revenue Growthmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Relationship Between Inflation and Real Economic Growth in Rwanda

Nkikabahizi

Ndagijimana

Musabanganji

2017

Frontiers in African Business Research

View full text Add to dashboard Cite

“…In other words, it is the average distance between pairs of observations, where one is from one cluster and one is from the other. The average linkage method is robust and also takes the cluster structure into account (Martinez and Martinez 2005;Feger and Asafu-Adjaye 2014). The basic algorithm for the Average Linkage method can be summarized in the following manner:…”

Section: The Average Linkage Methodsmentioning

confidence: 99%

Hometown Investment Trust Funds: An Analysis of Credit Risk

Yoshino

Taghizadeh–Hesary

2014

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Asian Development Bank InstituteThe Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI's working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. Farhad Taghizadeh-Hesary is an adjunct researcher at the School of Economics, Keio University, and a visiting scholar at the Institute of Energy Economics of Japan. Currently he is also assisting the ADBI Dean in his research.The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Working papers are subject to formal revision and correction before they are finalized and considered published.Asian Development Bank Institute Kasumigaseki Building 8F 3-2-5 Kasumigaseki, Chiyoda-ku Tokyo 100-6008, JapanTel:+81-3-3593-5500 Fax:+81-3-3593-5571 URL:www.adbi.org E-mail: info@adbi.org AbstractIn Asia, small and medium-sized enterprises (SMEs) account for a major share of employment and dominate the economy. Asian economies are often characterized as having bank-dominated financial systems and underdeveloped capital markets, in particular venture capital markets. Hence, looking for new methods of financing for SMEs is crucial. Hometown investment trust funds (HIT) are a new form of financial intermediation that has now been adopted as a national strategy in Japan. In this paper, we explain the importance of SMEs in Asia and describe about HITs. We then provide a scheme for the credit rating of SMEs by employing two statistical analysis techniques, principal components analysis and cluster analysis, and applying various financial variables to 1,363 SMEs in Asia. Adoption of this comprehensive and efficient method would enable banks to group SME customers based on financial health, adjust interest rates on loans, and set lending ceilings for each group. Moreover, this method is applicable to HITs around the world. JEL Classification: G21, G24...

show abstract

“…In other words, it is the average distance between pairs of observations, where one is from one cluster and one is from the other. The average linkage method is relatively robust and also takes the cluster structure into account (Martinez and Martinez 2005;Feger and Asafu-Adjaye 2014). The basic algorithm for the average linkage method can be summarized as follows:…”

Section: The Average Linkage Methodsmentioning

confidence: 99%

Estimating Dual Deposit Insurance Premium Rates and Forecasting Non-Performing Loans: Two New Models

2015

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Asian Development Bank InstituteThe Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI's working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Working papers are subject to formal revision and correction before they are finalized and considered published. ADBI Working Paper 510Yoshino, Taghizadeh-Hesary, and Nili AbstractRisky banks that endanger the stability of the financial system should pay higher deposit insurance premiums than healthy banks and other financial institutions that have shown good financial performance. It is necessary, therefore, to have at least a dual fair premium rate system. In this paper, we develop a model for calculating dual fair premium rates. Our definition of a fair premium rate in this paper is a rate that could cover the operational expenditures of the deposit insuring organization, provides it with sufficient funds to enable it to pay a certain percentage share of deposit amounts to depositors in case of bank default, and provides it with sufficient funds as precautionary reserves. To identify and classify healthier and more stable banks, we use credit rating methods that employ two major dimensional reduction techniques. For forecasting non-performing loans (NPLs), we develop a model that can capture both macro shocks and idiosyncratic shocks to financial institutions in a vector error correction setting. The response of NPLs/loans to macro shocks and idiosyncratic innovations shows that using a model with macro variables only is insufficient, as it is possible that under favorable economic conditions some banks show negative performance or vice versa. Our final results show that stable banks should pay lower deposit insurance premium rates. JEL Classification: G28, G21, E44Asian D...

show abstract

Tax effort performance in sub-Sahara Africa and the role of colonialism

Cited by 27 publications

References 17 publications

Relationship Between Inflation and Real Economic Growth in Rwanda

Relationship Between Inflation and Real Economic Growth in Rwanda

Hometown Investment Trust Funds: An Analysis of Credit Risk

Estimating Dual Deposit Insurance Premium Rates and Forecasting Non-Performing Loans: Two New Models

Contact Info

Product

Resources

About