Ishak, Phoebe W.; Farzanegan, Mohammad Reza - 2020 - This version: 17.02.2020
We study the association between oil rents and tax revenues, highlighting the importance of the shadow economy as a … associated with the tax revenues in a country with a moderate size of shadow economy. Declining oil rents may not lead to higher … shocks on the tax revenues. A decline in oil rents following negative oil price shocks cease to have any significant positive …