For correspondence:-
Received: 12 Nov 2017 Accepted: 23 Dec 2017 Published: 31 Dec 2017
Citation: TAXES AND UNEMPLOYMENT IN NIGERIA. Account Tax Rev 2002; 1(1):106-118 doi:
© 2002 The authors.
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Abstract
The study investigates the relationship between taxation and unemployment in Nigeria. The study adopts the quantitative approach. It uses a time series data covering the period 1984-2014 obtained from the database of government agencies. The study employed the Augmented-Dickey Fuller test to analyse the unit roots. The Johansen co-integration methodology was used in testing the co-integration properties of the data and the fully modified OLS was used to estimate the regression. The study found Value added tax and customs and excise duties positively related to unemployment while petroleum profit tax was negatively related. The study recommended that taxes collected be judiciously used to provide infrastructure that will attract employment. JEL Classification: H200, E240