Tax revenues convergence across ASEAN, Pacific and Oceania countries: Evidence from club convergence

The goal of the present paper is to investigate the degree of convergence in tax revenues for a panel of 11 ASEAN, Asia Pacific and Oceania countries spanning the period 1990–2012. We apply the methodology of Phillips and Sul (2007) to various 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 revenues.