INFORMATION COMMUNICATION TECHNOLOGY, TAX REVENUE MOBILIZATION AND ECONOMIC PERFORMANCE IN NIGERIA

 

                   Norense John IZEVBIGIE and Nosakhare Liberty Arodoye (MINES)

Abstract

This study examined the nexus between information communication technology, tax revenue mobilization and economic performance between 1981 and 2017 in Nigeria. VECM showed bi-directional relationship between information communication technology, tax revenue mobilization and economic performance in Nigeria. The speed of adjustment of government expenditure was slow while that of tax revenue was high. FEVD revealed shock variations among variables with more of the variations accounted for by ‘own shocks’. The study also found negative relationships between information communication technology and tax revenue mobilization as well as a negative relationship between tax revenue and economic performance in Nigeria. However, a positive relationship between information communication technology and the Nigeria economy was established with VECM stability test pointing to the fact the model is relatively stable. As such, recommendations were proffered.

 Keywords: Technology, Tax, Economy Performance, Nigeria

JEL Classification: O30, H21, O11, O55

INFORMATION COMMUNICATION TECHNOLOGY TAX REVENUE MOBILIZATION AND ECONOMIC PERFORMANCE IN NIGERIA