The Influence of Tax Revenue, Government Expenditures, Fiscal Decentralization, Carbon Emission and Exports on Economic Growth of Developing Countries

Maneerat, Channew; Fazal, Snober

doi:10.52131/joe.2020.0101.0011

Cited by 4 publications

(9 citation statements)

References 38 publications

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“…According to the results, adopting stimulative fiscal spending lowered pollution from both origins of the contaminant, but austerity tax reductions boosted the usage of Carbon footprints. Maneerat and Fazal [13] employed the extended technique of moments to examine the relationship between tax income, state spending, financial intermediation, carbon emissions, exporting, and the infrastructure prosperity of emerging nations from 2008 to 2019. The findings found that all indicators, including tax income, government spending, liberalization, carbon emissions, and exporting, had a good association with developing-country industrial prosperity.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The government spends for public goods and services which comprise cleaning the environment to prevent air and water pollution. Taxes are important stream of revenue for macroeconomic management and designing; even financial strategies are based on predicted tax collections, and tax plans are a vital feature of every state's financial strategy [13]. Every country needs to generate tax income to fund major government investments in order to preserve its international competitiveness in the global market [13].…”

Section: Introductionmentioning

confidence: 99%

“…Taxes are important stream of revenue for macroeconomic management and designing; even financial strategies are based on predicted tax collections, and tax plans are a vital feature of every state's financial strategy [13]. Every country needs to generate tax income to fund major government investments in order to preserve its international competitiveness in the global market [13]. As part of fiscal strategy, if the tax earnings are not sufficient, the government is at liberty to source for fund from both domestic and international avenues.…”

Section: Introductionmentioning

confidence: 99%

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Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Omodero¹,

Alege²

2022

eer

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Due to the obvious intensity of carbon footprint in developing nations' vicinity, the United Nations has developed a guidebook that focuses on carbon taxes as one of the solutions to industrial contamination in emerging regions. Green fiscal policy is a major topic of discussion in the public debate over climate change around the universe. This study investigates the influence of fiscal policy measures in reducing carbon emissions in the ecosystem. The analysis spans the years 2000 to 2020 and makes use of World Bank Development Indicators data on CO 2 emissions in million metric tons. The data on tax income are taken from the Federal Inland Revenue Service in billions of Naira, while the data on government investment and debt are derived from the Central Bank of Nigeria Statistical Bulletin. After establishing the adequacy and appropriateness of the datasets and model, the study employs econometric tool of multiple regression approach to examine the effect of fiscal tools on climate change improvement. The results suggest that government funding has a negative intangible impact on climate change mitigation. Further findings reveal that tax income collection is positively irrelevant, however debt has a positive influence on CO 2 emissions reduction. The study strongly suggests government drive for green fiscal policy which should incorporate efficient and cost-effective green-financing options, carbon taxation, environmentally friendly government budgets and investments.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Omodero¹,

Alege²

2022

eer

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“…Government spending aims to increase production capacity in projects that refer to economic growth, equal distribution of income, increase in welfare, and programs that directly touch underdeveloped areas. An increase in expenditure, in general, can lead to a more considerable increase in economic output because spending by one individual, household, business, or the government is income for another (Maneerat, 2020). Therefore, there is an urgency for the government to control and manage the economy through the central bank.…”

Section: Review Of Literaturementioning

confidence: 99%

Causal Relationship Between Government Expenditure, Economic Growth, And Poverty In South Kalimantan

Pradana¹,

Fitriyanti

2022

JKP

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Angka kemiskinan di Kalimantan Selatan berada pada posisi ketiga paling rendah di Indonesia pada tahun 2020 dan terendah di Wilayah Kalimantan. Namun, secara umum, tren penurunan harga beberapa komoditas yang selama ini menjadi tulang punggung perekonomian, seperti karet, kelapa sawit, dan batu bara, sangat mempengaruhi pendapatan penduduk, terutama di pedesaan. Meningkatnya angka pengangguran pada tahun 2018 dan 2019 turut mempengaruhi angka kemiskinan di Kalimantan Selatan. Sementara itu, pengeluaran pemerintah terus meningkat setiap tahunnya. Penelitian ini bertujuan untuk menganalisis pengaruh pengeluaran pemerintah terhadap pertumbuhan ekonomi dan kemiskinan di Kalimantan Selatan. Penelitian ini menggunakan dua pendekatan analitik: Analisis Deskriptif dan Analisis Inferensial. Scatter plot digunakan dalam analisis Deskriptif untuk menggambarkan hubungan antara pengeluaran pemerintah terhadap pertumbuhan ekonomi dan kemiskinan. Sebaliknya, Cross-Sectional Time-Series FGLS dan pemodelan Generalized Ridge Regression digunakan dalam analisis inferensial. Tiga dari lima jenis belanja pemerintah secara statistik berpengaruh signifikan terhadap pertumbuhan ekonomi di Kalimantan Selatan, yaitu belanja pegawai tidak langsung, belanja pegawai langsung, dan belanja modal. Meski signifikan, ketiga jenis pengeluaran tersebut memiliki hubungan yang berlawanan. Dua dari lima fungsi belanja pemerintah berpengaruh positif terhadap pengentasan kemiskinan, yaitu belanja langsung dan belanja tidak langsung. Namun, kedua pengeluaran tersebut masing-masing hanya tumbuh satu persen. The poverty rate in South Kalimantan is the 3rd lowest nationally in 2020 and the lowest in Kalimantan Region. However, the downward trend in the prices of several commodities that have been the backbone of the economy, such as rubber, palm oil, and coal, greatly affects the population's income, especially in rural areas. The study aims to analyze the effect of government expenditure on economic growth and poverty in South Kalimantan. The study used two analytical approaches: Descriptive and Inferential Analysis. A Scatter plot is used in Descriptive analysis to describe the relationship between government expenditure on economic growth and poverty. Cross-Sectional Time-Series FGLS and Generalized Ridge Regression modeling were used in the inferential analysis. Three out of five government expenditures statistically significantly affect economic growth: indirect personnel, direct personnel, and capital expenditure. Two of the five functions of government spending positively affect poverty reduction: direct and indirect spending.

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“…Adequate money supply is key to ensure the viability of economic activities but must be controlled to prevent inflation. Taxation is a crucial revenue source for broader economic managing; even budgetary strategies are built on anticipated tax receipts, and tax plans are an essential component of every state's investment plan (Maneerat, Fazal, 2020). To maintain its international competitiveness in the global market, every country must generate tax revenue to fund major government investments (Maneerat, Fazal, 2020).…”

Section: Introductionmentioning

confidence: 99%

Fiscal and Monetary Measures in Achieving Green Ecology: Evidence from Nigeria

Omodero

2023

Folia Oeconomica Stetinensia

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Research background In light of the apparent density of the carbon output in the ecosystems of emerging regions, the United Nations has established a manual that puts an emphasis on carbon taxes as one of the quick fixes to environmental uncleanness in evolving states. Purpose The purpose of this research is to look into the impact of monetary and fiscal policy measures on reducing carbon emissions in the ecosystems of Nigeria. Research methodology The study employs the Autoregressive Distributed Lag (ARDL) co-integration technique or the bound co-integration technique to confirm the existence of long and short term nexus and the influence of selected financial instruments on pollutant reduction. The study spans 1991 to 2021 and relies on World Bank Development Indicators data on inflation and CO2 discharges in millions of metric tons. The statistics on tax earnings is derived from the Central Tax Authority in billions of national currency, but the figures on the state’s outlay and broad money supply are generated from the database of the Apex Bank in the country. Result According to the analysis, financial instruments are not yet being directed toward reducing air pollution and environmental devastation in the country. Further investigation reveals that tax revenue gathering is positively irrelevant, but CO2 has a strong positive effect on its reduction at lag 1, implying that a more eco-friendly financial strategy is required to combat environmental hazards in Nigeria. Novelty A Green financial system is a big issue of contention in the global public discussion about rising temperatures. Presently, there are few studies on the management of pollution using financial instruments in emerging regions. This study will serve as one of the leading investigations to align with the United Nations goal to restore our biodiversity through green fiscal and monetary policies. The study strongly suggests that the Nigerian government should pursue green fiscal and monetary mechanisms that include: issuance of green bonds; potential and cost-effective green payment plans, carbon taxation, and ecologically responsible national budgets and investment opportunities.

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The Influence of Tax Revenue, Government Expenditures, Fiscal Decentralization, Carbon Emission and Exports on Economic Growth of Developing Countries

Cited by 4 publications

References 38 publications

Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Green Fiscal Policy Mechanisms for a Low–Carbon Ecosystem: A Developing Country Assessment

Causal Relationship Between Government Expenditure, Economic Growth, And Poverty In South Kalimantan

Fiscal and Monetary Measures in Achieving Green Ecology: Evidence from Nigeria

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