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• W2186977766 abstract "Examining the empirical relationship between Economic growth and petroleum taxation is a fundamental step to understanding the economy on the basis of endogenous growth theory and its applicability to the Nigerian situation. In an attempt to investigate the effect of petroleum taxation on economic growth, a simultaneous equation model was used to establish a relationship between the variables Domestic Consumption and production of crude oil, petroleum taxation and government policies. The result obtained from the analysis revealed that a strong positive relationship exist between domestic consumption, Petroleum profit tax (PPT), government policy and economic growth (GDP). It was found in the study that crude oil production had a negative but significant effect on economic growth and other variables. Based on these findings, policy recommendations were made that part of the revenue accrued to the government purse from the PPT should be directed towards exploration and development of other mineral resources in order to achieve diversification of economy. More so, government policy should create a conducive business environment that will attract foreign investors to the country." @default.
• W2186977766 created "2016-06-24" @default.
• W2186977766 creator A5050152735 @default.
• W2186977766 date "2014-01-01" @default.
• W2186977766 modified "2023-09-27" @default.
• W2186977766 title "IMPACT OF PETROLEUM TAX ON ECONOMIC GROWTH IN NIGERIA (1970-2012)" @default.
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• W2186977766 hasPublicationYear "2014" @default.
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