Sookram, Sandra; Saridakis, George - In: Journal of Developing Areas 42 (2009) 2, pp. 111-128
We focus on the potential economic factors of tax revenue in Trinidad and Tobago and present cointegration test statistics for a second order VAR(2) based on Johansen's maximum likelihood approach. Our results suggest a positive relationship between the level of income and the tax ratio and also...