International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Exploring the Relationship Between Tax Revenue and Economic Growth in Uganda

Author(s) Omwima Husein Mausa, Masibo Safina
Country Uganda
Abstract This paper examined the relationship between tax revenue and economic growth in Uganda. A critical analysis of existing literature and employment of relevant econometric techniques to assess the impact of tax revenue on economic growth in the context of Uganda's specific economic landscape was carefully followed. This study aimed at contributing to the ongoing discourse on fiscal policy and its influence on the nation's development trajectory. The study was guided by wagner's Law which portrays a positive long-run association between tax revenue and economic growth. The findings of the Study of tax-economic growth nexus yielded mixed results, with some finding a linear/positive relationship, others discovering an insignificant one, and some even identifying an inverted U-shaped curve. The research therefore concluded that tax authorities need to find Optimal Taxation Levels aimed at fostering inclusive and resilient economies that benefit all members of society. policymakers were therefore advised to consider a broader set of factors beyond taxation when formulating economic development strategies since there are chances of insignificant relationship.
Keywords Tax Revenue, Economic Growth, Uganda, Econometrics, Fiscal Policy
Field Business Administration
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-07-05
Cite This Exploring the Relationship Between Tax Revenue and Economic Growth in Uganda - Omwima Husein Mausa, Masibo Safina - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.23442
DOI https://doi.org/10.36948/ijfmr.2024.v06i04.23442
Short DOI https://doi.org/gt3nhh
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