我国财政收入与财政支出的协整关系分析

Analysis of the Co-integration Relationship Between China's financial income and financial expenditure

本文利用协整理论对我国1963—2012年的财政收入和财政支出的关系进行实证研究,结果表明我国财政收入和财政支出之间存在长期稳定均衡的协整关系和短期动态调节作用,并通过建立误差修正模型进一步解释其作用机制。

This paper depends on the co-integration theory and makes an empirical study on the relationship between China＇s fiscal revenue and financial expenditure from 1963 to 2012, the results show that there exists long-term stable balanced co-integration relationship and short-term dynamic adjustment between China＇s financial income and financial expenditure , and through the establishment of error correction model to explain the mechanism of action.