DOI of the published article https://doi.org/10.61796/ijeirc.v2i12.429
Inflation, Economic Growth, Net Lending/Borrowing, General Government Final Consumption Expenditure (GGFCE), Exports, and Imports on Tax Revenue: A Panel Study of ASEAN Countries, 2014–2022
Inflasi, Pertumbuhan Ekonomi, Net Lending/Borrowing, General Government Final Consumption Expenditure (GGFCE), Ekspor, dan Impor terhadap Penerimaan Pajak: Studi Panel 2014–2022 pada Negara-Negara ASEAN
DOI:
https://doi.org/10.21070/ups.9987Keywords:
Tax Revenue, ASEAN, NLB, GGFCE, Exports, Imports, panel data, REMAbstract
This study examines the effects of inflation, economic growth, net lending/borrowing (NLB), general government final consumption expenditure (GGFCE), exports, and imports on tax revenue (tax-to-GDP ratio) across eight ASEAN countries during 2014–2022 (N=8, T=9; 72 observations). Model selection tests (Chow, Hausman, LM) indicate the Random Effects Model (REM, EGLS). Hypotheses are tested using two-sided t-tests at α=5%, with reporting focused on p-values and R². The results show that NLB, GGFCE, and imports are significant, while inflation, economic growth, and exports are not significant over the study period. The model exhibits moderate fit (R² ≈ 0.46; Adjusted R² ≈ 0.41). These findings highlight the importance of strengthening the fiscal position and improving the quality of government spending, alongside managing import-related impacts, to support a sustainable tax base.
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