The relationship between the digital finance, tax and economic growth: in the context of financial development

This article examines the relationship between economic development, taxes, and digital finance within financial development from 2004 to 2021 using the Panel Vector Autoregression (PVAR) model. The study finds that tax revenue, economic growth, and digital financial inclusion are linked in both low- and high-financial development countries. In less developed financial nations, digital financial inclusion increases tax income but decreases economic growth. Variance decomposition shows a closer association between economic growth, tax revenue, and digital financial inclusion in low-financial development countries. The author offers policy recommendations based on these findings.

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Publication Details

Journal
Macroeconomics and Finance in Emerging Market Economies
Published
2024-08-19
DOI
https://doi.org/10.1080/17520843.2024.2385710
Citations
2
Primary Topic
Economic and Technological Developments in Russia
Type
article
Field-Weighted Citation Impact
2.80
Controls
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article

The relationship between the digital finance, tax and economic growth: in the context of financial development

Duy M. H. Nguyen, Anh Tuan Hoang, Tran Thi Kim Oanh, Thanh Truc Le Nguyen et al.
2 citations
Macroeconomics and Finance in Emerging Market Economies
Economic and Technological Developments in Russia
2.80
article

The relationship between the digital finance, tax and economic growth: in the context of financial development

Duy M. H. Nguyen, Anh Tuan Hoang, Tran Thi Kim Oanh, Thanh Truc Le Nguyen, Thanh Truc Tran Y, Vy Ngoc
article en
2 citations

Abstract

This article examines the relationship between economic development, taxes, and digital finance within financial development from 2004 to 2021 using the Panel Vector Autoregression (PVAR) model. The study finds that tax revenue, economic growth, and digital financial inclusion are linked in both low- and high-financial development countries. In less developed financial nations, digital financial inclusion increases tax income but decreases economic growth. Variance decomposition shows a closer association between economic growth, tax revenue, and digital financial inclusion in low-financial development countries. The author offers policy recommendations based on these findings.

Macroeconomics and Finance in Emerging Market EconomiesVol. 18(3)
University of Finance - Marketing (VN)
Decent work and economic growth
Openalex Percentile: Top 9%
Economic and Technological Developments in Russia
2.80
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