August 18, 2025EkonomikaOpen Access

Monetary and Macroeconomic Determinants of Tax Revenue in Sub-Saharan Africa

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Analysis uncovers that inflation and foreign direct investment influence tax revenue in Sub-Saharan Africa, suggesting policies for improvement.

Tax revenue in Sub-Saharan Africa is negatively affected by inflation and foreign direct investment in the long run, impacting economic stability.
Research reveals inflation has a significant short-term positive effect on tax revenue, alongside foreign direct investment, despite long-term challenges.
Using the Vector Error Correction Model, data analysis spanned from 1990 to 2023, highlighting critical trends in taxation amidst economic policy shifts.
The findings suggest a need for financial policy adjustments to lower inflation and foster a business-friendly environment to boost tax revenue growth.

Cordelia Onyinyechi Omodero (2025) studied this question.

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Analysis uncovers that inflation and foreign direct investment influence tax revenue in Sub-Saharan Africa, suggesting policies for improvement.