International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Macroeconomic Determinants of Tax Revenues of South African Countries

Author(s) G.K.Kiruthik Srinivaas, Vidhi Kabra, Prasoon Bagla, Manisha Mathur, Shrey Mehta
Country India
Abstract This research explores the macroeconomic elements that impact tax income in countries in South Africa. The study considers five countries: Namibia, Botswana, Zimbabwe, South Africa, and Zambia. Its primary objective is to identify key factors influencing tax revenue in these nations and examine their economic impact. Employing multivariate regression analysis, the research evaluates the impact of various macroeconomic indicators, including economic growth, inflation, foreign direct investment, and trade openness on tax revenues, using data from 1990 to 2021. Results indicate that economic growth and trade openness positively influence tax revenue, while inflation adversely affects it. The impact of foreign direct investment on tax revenue varies by country. These findings carry significant policy implications for South African nations, highlighting the importance of focusing on trade liberalization and economic growth to boost tax revenues, while also controlling inflation.
Keywords Macroeconomics Determinants, Tax Revenues, Economic Growth, Inflation, FDI, Trade Openness.
Field Sociology > Economics
Published In Volume 6, Issue 1, January-February 2024
Published On 2024-01-25
Cite This Macroeconomic Determinants of Tax Revenues of South African Countries - G.K.Kiruthik Srinivaas, Vidhi Kabra, Prasoon Bagla, Manisha Mathur, Shrey Mehta - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.9545
DOI https://doi.org/10.36948/ijfmr.2024.v06i01.9545
Short DOI https://doi.org/gtfzwz

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