The Influence of Inflation, Economic Growth, and Openness on Tax Revenue in ASEAN 2014-2024
Pengaruh Inflasi, pertumbuhan Ekonomi, dan Keterbukaan perdagangan terhadap Penerimaan Pajak Asean 2014-2024
DOI:
https://doi.org/10.21070/ups.11652Keywords:
Tax Revenue, Inflation, Economic Growth, ASEAN, panel data, REMAbstract
This study aims to examine the effect of inflation, economic growth, and trade openness on tax revenue in nine ASEAN countries during the period 2014–2024. The research uses a quantitative approach with panel data sourced from the World Development Indicators (World Bank) and the International Monetary Fund (IMF). The analysis is carried out using panel data regression through EViews 12 software by comparing the Common Effect Model (CEM), Fixed Effect Model (FEM), and Random Effect Model (REM). The test results show that REM is the most suitable model. The findings indicate that inflation does not affect tax revenue, while economic growth and trade openness have a positive effect. This suggests that increased economic activity and international trade can expand the tax base and increase state revenue. Therefore, the government needs to maintain economic growth, strengthen tax administration, expand the tax base, improve taxpayer compliance, and continue fiscal reforms consistently.
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