With the establishment of the aim of public finance, the non-tax revenue management causes extensive concern of both academy and government in recent years, around which the policy of fee-to-tax reform and income-expe...With the establishment of the aim of public finance, the non-tax revenue management causes extensive concern of both academy and government in recent years, around which the policy of fee-to-tax reform and income-expenditure going different ways etc. was launched. How to manage the non-tax revenue, which constitutes an important part of the public revenue, plays an important role in the rationalization of public revenue and the building of the public finance system. This paper uses international experience as reference to analyze the situation of the current non-tax revenue management, and the innovation of non-tax revenue management mode from both theoretical and practical aspects.展开更多
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
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
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
In order to solve the problem of imbalance resource allocation and service income in the elderly care service industry,this article establishes three service income models in different situations for a single provider...In order to solve the problem of imbalance resource allocation and service income in the elderly care service industry,this article establishes three service income models in different situations for a single provider and a single integrator while considering the quality as well as government subsidies.The results showed that government subsidies can significantly improve quality efforts and service income with a mutual restriction between quality and service income.Government subsidies would have an impact on the quality,and they are more conducive to the service income of providers.When government subsidies are less than 80% of the service income,the incentive effect is better.展开更多
This paper empirically examined the impact of fiscal policy on inflation in Nigeria.Time series data on inflation,government revenue,government expenditure,and gross domestic product were sourced from the Central Bank...This paper empirically examined the impact of fiscal policy on inflation in Nigeria.Time series data on inflation,government revenue,government expenditure,and gross domestic product were sourced from the Central Bank of Nigeria(CBN).The aforementioned secondary data cover the period from 1981 to 2021.The Augmented Dickey Fuller(ADF)unit root test and Johansen co-integration test were used to testing for data stationarity and the existence or otherwise of co-integrating equations respectively.Thereafter,data were analyzed using Ordinary Least Square and Parsimonious Error Correction techniques.Findings from the study show that government expenditure and revenue both have a positive relationship with the rate of inflation,though the latter is not statistically significant.Also,there is a positive but insignificant relationship between inflation and gross domestic product.In line with the above findings,we,therefore,recommend that the Nigerian government at all levels(local,state,and federal)should be tactful in the use of fiscal policy tools to avoid triggering inflationary pressure and its negative multiplier effects on the welfare of its citizenry.展开更多
文摘With the establishment of the aim of public finance, the non-tax revenue management causes extensive concern of both academy and government in recent years, around which the policy of fee-to-tax reform and income-expenditure going different ways etc. was launched. How to manage the non-tax revenue, which constitutes an important part of the public revenue, plays an important role in the rationalization of public revenue and the building of the public finance system. This paper uses international experience as reference to analyze the situation of the current non-tax revenue management, and the innovation of non-tax revenue management mode from both theoretical and practical aspects.
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.
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In order to solve the problem of imbalance resource allocation and service income in the elderly care service industry,this article establishes three service income models in different situations for a single provider and a single integrator while considering the quality as well as government subsidies.The results showed that government subsidies can significantly improve quality efforts and service income with a mutual restriction between quality and service income.Government subsidies would have an impact on the quality,and they are more conducive to the service income of providers.When government subsidies are less than 80% of the service income,the incentive effect is better.
文摘This paper empirically examined the impact of fiscal policy on inflation in Nigeria.Time series data on inflation,government revenue,government expenditure,and gross domestic product were sourced from the Central Bank of Nigeria(CBN).The aforementioned secondary data cover the period from 1981 to 2021.The Augmented Dickey Fuller(ADF)unit root test and Johansen co-integration test were used to testing for data stationarity and the existence or otherwise of co-integrating equations respectively.Thereafter,data were analyzed using Ordinary Least Square and Parsimonious Error Correction techniques.Findings from the study show that government expenditure and revenue both have a positive relationship with the rate of inflation,though the latter is not statistically significant.Also,there is a positive but insignificant relationship between inflation and gross domestic product.In line with the above findings,we,therefore,recommend that the Nigerian government at all levels(local,state,and federal)should be tactful in the use of fiscal policy tools to avoid triggering inflationary pressure and its negative multiplier effects on the welfare of its citizenry.
