TY  - JOUR
TT  - Tax Elasticity in Sierra Leone: A Time Series Approach
AU  - Kargbo, Brima İbrahim Baimba
AU  - Egwaikhide, Festus O.
PY  - 2012
DA  - December
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 432
EP  - 447
VL  - 2
IS  - 4
KW  - Tax elasticity
KW  - Tax Buoyancy
KW  - Tax Revenue
KW  - Sierra Leone
N2  - The fiscal authorities in Sierra Leone introduced series of reforms in the tax system ranging from continual revisions in tax rate to harmonization and instituting new taxes that are relatively easy to collect. Despite these measures, the output of the tax system as measured by the tax/GDP ratio remains very low averaging 11 per cent contributing to higher fiscal deficits. This study examined the base elasticity of the tax system in Sierra Leone and its major handles using annual data covering the period between 1977and 2009.The Singer method of dummy variables was employed in order to make adjustment for the effect of discretionary tax measures and then compare buoyancy and elasticity measures. The empirical results indicated that buoyancy estimates were higher than elasticity estimates; and that short-run elasticities were lower than the static long-run elasticities. Estimation results further showed that discretionary tax measures were effective in mobilizing additional tax revenues and that the tax system was inelastic during the period.
UR  - https://dergipark.org.tr/en/pub/ijefi/article/351859
L1  - https://dergipark.org.tr/en/download/article-file/362717
ER  -