01729cas a2200241 a 4500 AALejournalIMF017060 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475530506 1018-5941 BD-DhAAL BD-DhAAL Cevik, Serhan. Unlocking Pakistan's Revenue Potential / Serhan Cevik. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Despite the significant progress in recent years, Pakistan's tax revenue remains low relative to comparator countries and the tax effort expected for the country's level of development. In light of the potential endogenity of tax revenue and economic growth, this paper contributes to the literature by developing a novel identification strategy to estimate the short-run and long-run elasticities of tax revenue. The empirical findings indicate that a tax system with low elasticity cannot take full advantage of economic growth. Accordingly, unlocking revenue potential is dependent on broadening the tax base, strengthening administration, and rationalizing tax policy across all levels of the general government. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/182 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/182/001.2016.issue-182-en.xml IMF e-Library