Effects Of Factors Impactıng Tax Revenues In The West Afrıcan Economıc And Monetary Unıon (Waemu)

Abstract

The objective of this paper is to analyse the effects of the quality of good practices on tax revenues. To do so, we collected data from the World Bank (WB), the Central Bank of West African States (BCEAO) and the Worldwide Governance Indicators (WGI) websites. We conducted a descriptive analysis followed by an econometric analysis on panel data for the eight (08) countries of the West African Economic and Monetary Union (WAEMU) from 2002 to 2020. The results of the estimation of the long-run model using Eviews9 and STATA 15 software showed that imports of goods and services, civic voice and accountability, and control of corruption positively and significantly influence tax revenues in WAEMU countries. Operational recommendations have been made based on the results of our analysis to improve public financing to achieve sustainable development objectives in WAEMU countries.