This paper applies panel unit root test,country Pedroni cointegration test(PCT),Phillips-Peron cross section test(PPCST),vector error correction test and Johansen normalized cointegrating test(JNCT)for estimates the c...This paper applies panel unit root test,country Pedroni cointegration test(PCT),Phillips-Peron cross section test(PPCST),vector error correction test and Johansen normalized cointegrating test(JNCT)for estimates the coefficients in the short-run and in the long-run to examine the inter-temporal relationship between the government revenues income and GDP.The paper took into account fifteen asymmetric countries with three income groups over the period from 2001 to 2016.The study justified the long run relationship between the articulated variables in the country PCT and the test results unearthed that four statistics out of seven on different indexes exhibited one percent level of significance.In the upper middle income country category,other than Brazil and Sri Lanka,rest of three countries showed a long run relationship,i.e.the study outcome reconnoitered the existence of a long run relationship between the two articulated variables.Decisively,the outcome of JNCT suggests that in the long run if the government revenue upsurge one percentage point then GDP growth rate will rise 0.037 and 0.28 percentage point for the countries that belong to high income and the upper middle income respectively.Meanwhile,the test find a negative result that allied to lower middle income nations,GDP growth rate will plummet 0.039 percent point due to one percent rise in revenue income.展开更多
According to the China Statistical Yearbook divided eight consumption expenditure, I set food, clothing, housing and household equipment and services as residents basic living expenses, of China＇ s rural pension repl...According to the China Statistical Yearbook divided eight consumption expenditure, I set food, clothing, housing and household equipment and services as residents basic living expenses, of China＇ s rural pension replacement rate level of demand is calculated. The financial revenue scale autoregressive model predicted 2010-2020, the scale of fiscal revenue, with Pratt ＆ Whitney type total pension should be of basic pension and substitution rate level of demand for pension accounts for fiscal revenue proportion of the international experience of fiscal income of 5% were measured and evaluated. The current basic pension in the short term to improve the life of the rural elderly has an important role, but the long-term need to continue to increase, should optimize the structure of fiscal expenditure.展开更多
The relationship among reserve ration, government spending and economic growth was analyzed. A monetary endogenous growth model is well developed by taking into account the growth-enhancing effects of re- serve-augmen...The relationship among reserve ration, government spending and economic growth was analyzed. A monetary endogenous growth model is well developed by taking into account the growth-enhancing effects of re- serve-augmenting seigniorage. If the government spends all the seigniorage revenue on the provision of a public input which has positive externality on the private sector’s production, some results to be utterly different from Bronx’s have been obtained: the economy has a unique saddle-balanced growth path, but it has nothing to do with reserve ratio. However, the higher reserve ratio, the faster speed of economic convergence.展开更多
This article examines the public revenue and expenditure patterns and its nexus of a few countries.This paper employs panel unit root,panel cointegration and Vector Error Correction Model to analyze the inter-temporal...This article examines the public revenue and expenditure patterns and its nexus of a few countries.This paper employs panel unit root,panel cointegration and Vector Error Correction Model to analyze the inter-temporal association among the variables of government revenues,expenditures and the growth of GDP through the panel data of ten divergent nations over the period 2001 to 2017.The study exercised three cointegration tests and these estimates find the evidence of long run association among articulated three variables.To know the cross-section status of different nations this paper diverted Phillips-Peron test with bandwidth statistics and it asserted that,all ten countries secured the long run association among the variables.The study uncovered that,growth of GDP has escalated in 0.78%by one percentage increase in revenue expenditure;meanwhile,1.41%lessening in GDP growth by one percentage increase in revenue income.The specified model is supported by a few diagnostic tests.展开更多
文摘This paper applies panel unit root test,country Pedroni cointegration test(PCT),Phillips-Peron cross section test(PPCST),vector error correction test and Johansen normalized cointegrating test(JNCT)for estimates the coefficients in the short-run and in the long-run to examine the inter-temporal relationship between the government revenues income and GDP.The paper took into account fifteen asymmetric countries with three income groups over the period from 2001 to 2016.The study justified the long run relationship between the articulated variables in the country PCT and the test results unearthed that four statistics out of seven on different indexes exhibited one percent level of significance.In the upper middle income country category,other than Brazil and Sri Lanka,rest of three countries showed a long run relationship,i.e.the study outcome reconnoitered the existence of a long run relationship between the two articulated variables.Decisively,the outcome of JNCT suggests that in the long run if the government revenue upsurge one percentage point then GDP growth rate will rise 0.037 and 0.28 percentage point for the countries that belong to high income and the upper middle income respectively.Meanwhile,the test find a negative result that allied to lower middle income nations,GDP growth rate will plummet 0.039 percent point due to one percent rise in revenue income.
文摘According to the China Statistical Yearbook divided eight consumption expenditure, I set food, clothing, housing and household equipment and services as residents basic living expenses, of China＇ s rural pension replacement rate level of demand is calculated. The financial revenue scale autoregressive model predicted 2010-2020, the scale of fiscal revenue, with Pratt ＆ Whitney type total pension should be of basic pension and substitution rate level of demand for pension accounts for fiscal revenue proportion of the international experience of fiscal income of 5% were measured and evaluated. The current basic pension in the short term to improve the life of the rural elderly has an important role, but the long-term need to continue to increase, should optimize the structure of fiscal expenditure.
文摘The relationship among reserve ration, government spending and economic growth was analyzed. A monetary endogenous growth model is well developed by taking into account the growth-enhancing effects of re- serve-augmenting seigniorage. If the government spends all the seigniorage revenue on the provision of a public input which has positive externality on the private sector’s production, some results to be utterly different from Bronx’s have been obtained: the economy has a unique saddle-balanced growth path, but it has nothing to do with reserve ratio. However, the higher reserve ratio, the faster speed of economic convergence.
文摘This article examines the public revenue and expenditure patterns and its nexus of a few countries.This paper employs panel unit root,panel cointegration and Vector Error Correction Model to analyze the inter-temporal association among the variables of government revenues,expenditures and the growth of GDP through the panel data of ten divergent nations over the period 2001 to 2017.The study exercised three cointegration tests and these estimates find the evidence of long run association among articulated three variables.To know the cross-section status of different nations this paper diverted Phillips-Peron test with bandwidth statistics and it asserted that,all ten countries secured the long run association among the variables.The study uncovered that,growth of GDP has escalated in 0.78%by one percentage increase in revenue expenditure;meanwhile,1.41%lessening in GDP growth by one percentage increase in revenue income.The specified model is supported by a few diagnostic tests.
