Research discusses elasticity of non-oil tax revenues in Trinidad and Tobago

A working paper, published by the Central Bank of Trinidad and Tobago on April 16, examines the buoyancy and elasticity of non-oil tax revenues in the country over the past 20 years.

Author Joseph Jason Cotton finds that tax revenues from non-oil sources are "relatively" responsive to the growth in non-oil GDP, so that when non-oil GDP increases, tax revenues correspondingly rise.

The working paper concludes that Trinidad and Tobago's future efforts to increase tax revenue from non-oil sources

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