Apergis, Nicholas; Cooray, Arusha - In: Journal of Multinational Financial Management 27 (2014) C, pp. 11-21
The goal of the present paper is to investigate the degree of convergence in tax revenues for a panel of 11 ASEAN, Asia … categories of tax revenues to assess the presence of convergence clubs. We consider four alternative categories of tax revenues …. Overall, the results do not support the hypothesis that all countries converge to a single equilibrium state in such tax …