Impact of Value Added Tax on the Economy

Journal of Economics and International Finance Vol. 3(8), pp. 492-503, August 2011
operational online at http://www.academicjournals.org/JEIF
ISSN 2006-9812 ©2011 Academic Journals

Full Length investigate Paper

Impact of VAT on frugal development of emerging
nations
black Angus O. UNEGBU1* and David IREFIN2
1

Accounting Faculty, American University of Nigeria, Nigeria.
Department of Economics, University of Maiduguri, Borno State, Nigeria.

2

Accepted 27 June, 2011

This newsprint on the impact of value added tax (VAT) on economic and human developments of emerging
Nations from 2001 to 2009 as VAT is becoming important witness of revenue. Our scope of study centers
on Adamawa State of Nigeria. Data were pile up from both primary and secondary sources.
Regression, discriminant analysis and ANOVA were use in testing the hypotheses. We found break that
VAT allocations completely accounts for 91.2% of the variations in expenditure pattern of Adamawa State
from and that VAT allocations to the State indoors the said periods were very significant. The facts
obtained via secondary data attest to a very significant VAT impact on economic and human
development of the State from 2001 to 2009 but data obtained from primary sources mention minimum
VAT impacts.



We recommend for further research to be carried out on the spread of VAT impact on
various aspects of economic and human developments among the administrative areas and that the
governance of Adamawa State and new(prenominal) States of develop countries to ensure that revenue
allocations especially VAT should not only subscribe impact but should be perceived to impact positively on
the economic and human developments by the citizens of that state.
Key words: shelter added tax (VAT), economic and human development, emerging nations.
INTRODUCTION
Nigeria is a exploitation country and emerging economy
whose exports are mainly crude oil. Her other natural
resources asserted by Economy Watch (2011) include:
native gas, tin, iron ore, coal, limestone, lead,...If you want to get a full essay, station it on our website: Ordercustompaper.com



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