An Empirical Study of Effects of Chinese Government's Tax Revenue and Expenditure on Its GDP's Growth  

An Empirical Study of Effects of Chinese Government's Tax Revenue and Expenditure on Its GDP's Growth

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作  者:Xiaoli Wang Qian Wang Changqing Li 

机构地区:[1]Management School, Inner Mongolia University of Technology, Hohhot 010051, China

出  处:《Journal of Systems Science and Information》2008年第3期237-250,共14页系统科学与信息学报(英文)

基  金:This project is supported by National Social Science Foundation of China (07XJY034); Inner Mongolian Foundation for Natural Science Research (200711020806)

摘  要:Public spending is a major policy tool for the government to adjust the macro economic progress. This paper characterizes the effects of shocks in government spending and taxes on Chinese economy growth since 1978. It does so by using a mixed structural VAR (SVAR) approach. Identification is achieved by using institutional information about the tax and spending to identify automatic and discretionary response, and by implication, to infer fiscal shocks. The results show positive government spending shocks as having a positive effect on output, and positive tax shocks as having a negative effects.

关 键 词:structural VAR au tomatic effect discretionary effect/GDP 

分 类 号:F12[经济管理—世界经济]

 

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