The Influence of Tax Revenue, Government Expenditures, Fiscal Decentralization, Carbon Emission and Exports on Economic Growth of Developing Countries

Abstract

Nowadays, the achievement of high economic growth is a significant task for every country around the globe and also gain the attention of the researchers. Therefore, the present study purpose is to examine the role of tax revenue, government expenditures, fiscal decentralization, carbon emission and exports on the economic growth of developing countries. The data has been gathered from the World Development Indicator (WDI) for the year 2008-2019 from fifteen emerging developing countries around the globe. The present study executed the robust standard error and generalized method of moment (GMM) to check the association among the tax revenue, government expenditures, fiscal decentralization, carbon emission, exports and economic growth of developing countries. The results revealed that all the predictors such as tax revenue, government expenditures, fiscal decentralization, carbon emission and exports have positive nexus with the economic growth of developing countries. These outcomes are helpful for the regulators of the developing countries that they should focus on foremost factors that could enhance the economic growth of the country.