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|Title:||Tax Reforms in Kuwait’s Economy||Authors:||Farah Ali Al-Sayegh||Supervisor:||Dr. Kevin Lawler||Keywords:||Tax||Issue Date:||2018||Publisher:||Kuwait university - college of graduate studies||Abstract:||The objective of this study is to identify whether tax reforms are necessary in Kuwait in order to create more government income from sources other than oil. The study will examine the relationship between the changes in several tax revenues, changes in oil revenue and changes in GDP in Kuwait using time series data from 1998 to 2015. The Augmented Dickey-Fuller (ADF) is used to check for the existence of a unit root. The cointegration test is applied to check for long term relationships between the variables. The Granger Causality test applied to check the causal relationship between the variables and finally, the regression is applied with the General Least Square (GLS) method of estimation. The result of the tests finds that the impact of the changes in tax revenues on the changes in the GDP of Kuwait is insignificant. Therefore, Kuwait‟s government needs to implement the tax reforms to enhance their effect, so as to have sources of income other than oil. It is finally recommended to introduce broad based consumption taxes and value added taxes into the tax structure of Kuwait, and to invest the revenues from those taxes in productive policies, in order to induce long term economic growth.||URI:||http://hdl.handle.net/123456789/802|
|Appears in Programs:||1030 Economics|
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|Masters Thesis Farah Al-Sayegh --Tax reforms in Kuwaits Economy -Amended 11-3-2018.pdf||1,06 MB||Adobe PDF||View/Open Request a copy|
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