Have a personal or library account? Click to login
Value Added Tax and Economic Development: Focus on Human Capital Development Cover

Value Added Tax and Economic Development: Focus on Human Capital Development

Open Access
|Jan 2025

References

  1. Abiola, S., (2012), Current Law and Practice of Value Added Tax in Nigeria, British Journal of Arts and Social Sciences, 5(2), 187-201. https://abiolasanniandco.com/wp-content/uploads/resources/Current-Law-and-Practice-of-Value-Added-Tax-inNigeria.pdf.
  2. Adegbie, F. F., Jayeoba, O., Kwabai, J. D., (2016), Assessment of Value Added Tax on the Growth and Development of Nigeria Economy: Imperative for Reform. Accounting and Finance Research, 5, 163-172. doi:10.5430/afr.v5n4p163.
  3. Angus, O. U., David, I., (2011). Impact of VAT on Economic Development of Emerging Nations. Journal of Economics and International Finance, 3(8), 492-503. https://doi.org/10.5897/JEIF.9000061 .
  4. Anyanwu, S.O, Adam, J.A., Obi, B., Yelwa, M., (2015), Human Capital Development and Economic Growth in Nigeria, Journal of Economics and Sustainable Development, 6, 16-26. https://core.ac.uk/download/pdf/234647145.pdf.
  5. Becker, G. S., (n.d.), Human capital: A theoretical and empirical analysis, with special reference to Education, 37 – 66. https://www.nber.org/chapters/c14409.pdf.
  6. Central Bank of Nigeria data and statistics.
  7. Denis, B., (2010), Investigating the relationship between VAT And GDP in the Nigerian Economy, Journal of Management and Corporate Governance, 2, 67-72. https://www.cenresinjournals.com/wp-content/uploads/2020/03/page-65-72-163.pdf.
  8. Egiyi, M.A., (2017), Economic Effects of Value Added Tax (VAT) in Nigeria, International Journal of Research in Management, 7(4). 66-73. http://www.rspublication.com/ijrm/ijrm_index.htm.
  9. Ewubare, D.B., Ushang, U.A., (2022), Exchange Rate Fluctuations and Economic Growth in Nigeria (1981 - 2020), International Journal of Development and Economic Sustainability, 10(1), 41-55. https://www.eajournals.org/wp-content/uploads/Exchange-Rate-Fluctuations-and-Economic-Growth-in-Nigeria-1981-2020.pdf.
  10. Ezeji, E.C., Peter, I.A., (2014), Econometric Analysis of the Impact of Value Added Tax on Economic Growth in Nigeria, European Journal of Business and Management, 6(18), 31-35. https://core.ac.uk/download/pdf/234625598.pdf.
  11. Federal Inland Revenue Service. https://www.firs.gov.ng/tax-statistics-report/
  12. Friedman, M., (1962), Capitalism and freedom, 1-7. https://docs.google.com/file/d/0BxgMqtna1BWDdDlnTENYaHNBYnc/edit?pli=1&resourcekey=0-tmQohor9CjmWKaA2vdRQwA
  13. Hayek, F.A., (1945), The use of knowledge in Society, American Economic Review, 35(4), 519-530. https://en.wikipedia.org/wiki/The_Use_of_Knowledge_in_Society.
  14. Human Development 2018 Statistical Update, (2018), 1 UN Plaza, New York, NY 10017 USA: United Nations Development Programme. https://hdr.undp.org/content/statistical-update-2018.
  15. John, C.O., Suleiman, A.S., (2014), Value Added Tax and Economic Growth in Nigeria. European Journal of Accounting Auditing and Finance Research, 2(8), 62-69. https://www.eajournals.org/wp-content/uploads/Value-Added-Tax-and-Economic-Growth-in-Nigeria.pdf.
  16. Mehtiyev, J., Magda, R., Vasa, L., (2021), Exchange rate impacts on International Trade. Economic Annals-XXI, 190(5-6(2)), 12-22. doi: https://doi.org/10.21003/ea.V190-02.
  17. Michael, K., Lockwood, B., (2007), The Value added tax: Its Causes and Consequences, International Monetary Fund, 3-20. https://www.imf.org/-/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/wp/2007/_wp07183.ashx.
  18. Modesta, C.A., Geraldine, E.N., Uju, R.E., (2022), Human Capital Development in Nigeria: Determinants and Challenges, International Journal of Research and Innovation in Social Science, 6(10), 465-476. https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-6-issue-10/465-476.pdf.
  19. Nasiru, M.G., Haruna, M.A., Abdullahi, M.A., (2016), Evaluating the Impact of Value Added Tax on the Economic Growth of Nigeria, Journal of Accounting and Taxation, 8(6), 59-65. DOI: 10.5897/JAT2016.0226.
  20. Obaretin, O., Uwaifo, F.N., (2020), Value added tax and economic development in Nigeria, Accounting and Taxation Review, 4(1):148-157. http://www.atreview.org.
  21. Obiakor, R.T., Kwarbai, J., Okwu, A.T., (2015), Value Added Tax and Consumption Expenditure Behaviour of Households in Nigeria: An Empirical Investigation, International Review of Social Sciences, 3(6), 1-13. https://ssrn.com/abstract=2765862.
  22. Ofishe, O.W., (2015), The Impact of Value Added Tax on Economic Growth in Nigeria (1994 - 2012), Research Journal of Finance and Accounting, 6(23), 34-41. https://www.iiste.org/Journals/index.php/RJFA/article/viewFile/27831/28534.
  23. Ogwuru, H.O.R., Agbaraevoh, R.C., (2017), Impact of Value Added Tax, Company Income Tax, and Custom and Excise Duties on Economic Growth and Development in Nigeria, Journal of Finance, Banking, and Investment, 4(2), 88-92. https://www.researchgate.net/publication/335502261_EFFECT_OF_VALUE_ADDED_TAX_COMPANY_INCOME_TAX_AND_CUSTOM_AND_EXCISE_DUTIES_ON_NIGERIAN_ECONOMY.
  24. Okonkwo, I.V., Afolayan, S.M., (2019), How productive is Value Added Tax Revenue in Nigeria between 1994 and 2016? IOSR Journal of Economics and Finance (IOSR-JEF), 10(1), 16-29. DOI 10.9790/5933-1001021629.
  25. Olufemi, S.A., (2023), The nexus between exchange rate fluctuations and macroeconomic variables in Nigeria, Journal of perspective on financing and regional department, 489-493. https://doi.org/10.22437/ppd.v6i4.6202.
  26. Omodero, C.O., (2020), The Consequences of Indirect Taxation on Consumption in Nigeria, Journal of Open Innovation: Technology, Market, and Complexity, 6, 1-13. https://www.mdpi.com/2199-8531/6/4/105.
  27. Omodero, C.O., Eriebie, S., (2022), Valued added taxation and industrial sector productivity: a granger causality approach, Cogent Business & Management, 9(1), 1-15. https://doi.org/10.1080/23311975.2022.2126120.
  28. Organization for Economic Co-operation and Development, (2021), Real GDP growth rate- Volume. doi: 10.1787/1f84150b-en.
  29. Patrick, I.Z., Anwese, F.T., Kenneth, T.J., (2017), The Impact of Value Added Tax on the Nigerian Economic Growth. International Journal of Scientific & Engineering Research, 8(4), 1179-1182. https://www.ijser.org/researchpaper/THE-IMPACT-OF-VALUE-ADDED-TAX-ON-THE-NIGERIAN-ECONOMIC-GROWTH.pdf
  30. Peter, O.I., Adesina, O.O., (2015), Indirect Taxes and Economic Growth in Nigeria, Original scientific paper, 345-359. https://hrcak.srce.hr/file/220313.
  31. Popoola, O., Philip, O.A., Obindah, G., Asaleye, A.J., (2019), Human Capital Channels Evidence from Nigeria, Economics and Sociology, 12(4), 59-73. doi:10.14254/2071-789X.2019/12-4/3.
  32. Prabha, P., (2020), Economic Development: Definition, Scope, and Measurement, 1-14. DOI: 10.1007/978-3-319-69625-6_38-1.
  33. Prebisch, R., (1959), The Economic Development of Latin America and its principal problems, Economics Bulletin for Latin America, 14(1), 1-22. http://archivo.cepal.org/pdfs/cdPrebisch/002.pdf.
  34. Rostow, W.W., (1960), The stages of economic growth: A non-communist manifesto, Cambridge University Press., http://doi.org/10.1017/CB09780511625824.
  35. Sileyew, K.J., (2019), Research Design and Methodology. InTechOpen, 1-14. DOI: 10.572/intechopen.85731.
  36. Tesfaye, B., (2018), Research Design and Methodology, Research Gate, 3-41. DOI: 10.13140/RG.2.2.21467.62242.
  37. Udochukwu, G.O., Uniamikogbo, E., Okojere-Izehi, P.N., (2022), Taxation as a Tool of Enhancing Economic Growth in Nigeria, Central Asian Journal of Innovations on Tourism Management and Finance, 3(10),109-121.https://cajitmf.centralasianstudies.org.
  38. Ugochukwu, M.J.U. A., (2016), Value Added Tax and Economic Development in Nigeria, International Journal of Development and Economic Sustainability, 4(3), 1-10. https://www.eajournals.org/wp-content/uploads/Value-Added-Tax-And-Economic-Development-In-Nigeria.pdf.
  39. United States Bureau of Economic Analysis, (2021), Gross domestic product, first quarter 2021 (advance estimate). https://www.bea.gov/news/2021/gross-domestic-product-first-quarter-2021-advance-estimate.
DOI: https://doi.org/10.2478/sues-2025-0003 | Journal eISSN: 2285-3065 | Journal ISSN: 1584-2339
Language: English
Page range: 49 - 82
Submitted on: Dec 1, 2023
|
Accepted on: Apr 1, 2024
|
Published on: Jan 2, 2025
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2025 Favour Orejesuoluwapo Kuyebi, Cordelia Onyinyechi Omodero, published by Vasile Goldis Western University of Arad
This work is licensed under the Creative Commons Attribution 4.0 License.