THE RELEVANCE OF PETROLEUM PROFIT TAX TO THE NIGERIAN ECONOMY
ABSTRACT This study examined the impact of petroleum profit tax on economic growth in Nigeria. It also looked at the direction of causality among petroleum profit tax, money supply, interest rate, inflation rate and economic growth employing the method of Johansen co-integration and the Granger causality tests using data spanning the period 1978-2013. Results showed that petroleum profit tax has positive significant impact on GDP both in the short run ...
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