307
Views
44
CrossRef citations to date
0
Altmetric
Original Articles

Government revenue, government expenditure, and temporal causality: evidence from China

Pages 485-497 | Published online: 04 Oct 2010

References

  • Anderson , W. , Wallace , M. and Warner , J. T. 1986 . Government spending and taxation: what causes what? . Southern Economie Journal , 52 ( 3 ) : 630 – 639 .
  • Banerjee , A. , Dolado , J. , Galbraith , J. W. and Hendry , D. F. 1993 . Co-integration, Error-Correction, and the Econometric Analysis of Non-Stationary Data: Advanced Texts in Econometrics , New York : Oxford University Press .
  • Blejer , M. I. and Szapary , G. 1989 . The evolving role of fiscal policy in centrally planned economies under reform: the case of China , IMF Working Paper WP/89/26
  • Buchanan , J. M. and Wagner , R. W. 1977 . Democracy in Deficit , New York : Academic Press .
  • Campbell , J. Y. and Perron , P. 1991 . “ Pitfalls and opportunities: what macroeconomists should know about unit roots ” . In NBER Macroeconomics Annual , 141 – 201 . Cambridge, MA : MIT Press . National Bureau of Economic Research
  • Friedman , M. 11 April 1984 . Interview with USA Today 11 April , 9A
  • Gao , P. Y. 1996 . On the economicmechanism of issuing treasury bonds . Jingji Yanjiu (Economic Research Journal) , 9 : 24 – 31 .
  • Gordon , D. V. 1995 . Optimal lag length in estimating DickyFuller statistics: an empirical note . Applied Economics Letters , 2 : 188 – 190 .
  • Granger , C. W. J. 1969 . Investigating causal relations by econometric models and cross-spectral models . Econometrica , 37 : 424 – 438 .
  • Granger , C. W. J. 1988 . Some recent developments in a concept of causality . Journal of Econometrics , 39 : 199 – 211 .
  • Granger , C. W. J. 1991 . “ Developments in the study of cointegrated economic variables ” . In Long-Run Economic Relationships: Readings in Cointegration , Edited by: Engle , R. F. and Granger , C. W. J. 65 – 80 . Oxford : Oxford University Press .
  • Hall , A. 1994 . Testing for a unit root in time series with pretest data-based model selection . Journal of Business and Economic Statistics , 12 ( 4 ) : 461 – 470 .
  • Hsiao , C. 1979 . Autoregressive modelling of Canadian money and income data . Journal of American Statistical Association , 74 : 553 – 560 .
  • Hsiao , C. 1981 . Autoregressive modelling and money-income causality detection . Journal of Monetary Economics , 7 ( 1 ) : 85 – 106 .
  • Hu , A. and Wang , S. 1993 . A Report on the State Capacity of China , Shenyang : Liaonin People's Publishing House .
  • Huang , D. 1995 . On the financial structure of financial fund, banking loan and enterprise capital in the state enterprise . Jingji Yanjiu (Economic Research Journal) , 12 : 3 – 9 .
  • Li , K. W. 1997 . Money and monetisation in China's economic reform . Applied Economics , 29 : 1139 – 1145 .
  • Ma , J. 1995 . Modelling central-local fiscal relations in China . China Economic Review , 6 ( 1 ) : 105 – 136 .
  • McKinnon , J. G. 1991 . “ Critical values for cointegration tests ” . In Long-Run Economic Relationships , Edited by: Engle , R. F. and Granger , C. W. J. 267 – 276 . Oxford : Oxford University Press .
  • Manage , N. and Marlow , M. L. 1986 . The causal relation between federal expenditures and receipts . Southern Economic Journal , 52 ( 3 ) : 617 – 629 .
  • McKinnon , R. I. 1994 . Gradual versus Rapid Liberalisation in Socialist Economies: Financial Policies in China and Russia Compared , San Francisco, California : An International Centre for Economic Growth Publication, ICS Press .
  • Miller , S. M. and Russek , F. S. 1990 . Cointegration and errorcorrection models: the temporal causality between government taxes and spending . Southern Economic Journal , 57 ( 1 ) : 221 – 229 .
  • Naughton , B. 1995 . Growing out of the Plan , Cambridge : Cambridge University Press .
  • Owoye , O. 1995 . The causal relationship between taxes and expenditures in the G7 countries: cointegration and errorcorrection models . Applied Economics Letters , 2 ( 2 ) : 19 – 22 .
  • Perron , P. 1988 . Trends and random walks in macroeconomic time series . Journal of Economic Dynamics and Control , 12 : 297 – 332 .
  • Phillips , P. C. B. 1987 . Time series regression with a unit root . Econometrica , 55 : 277 – 301 .
  • Phillips , P. C. B. and Perron , P. 1988 . Testing for a unit root in time series regression . Biometrika , 75 : 335 – 346 .
  • Phillips , P. C. B and Ouliaris , S. 1990 . Asymptotic properties of residual-based tests for cointegration . Econometrica , 58 : 165 – 193 .
  • Ram , R. 1988 . Additional evidence on causality between government revenue and government expenditure . Southern Economic Journal , 54 ( 3 ) : 763 – 769 .
  • State Statistical Bureau, PR China . 1990 . China Statistical Yearbook , Beijing : China Statistical Publishing House .
  • State Statistical Bureau, PR China . 1995 . China Statistical Yearbook , Beijing : China Statistical Publishing House .
  • State Statistical Bureau, PR China . 1998 . China Statistical Yearbook , Beijing : China Statistical Publishing House .
  • von Furstenberg , George M. , Green , R. J. and Jeong , J. H. 1986 . Tax and spend, or spend, or and tax? . Review of Economics and Statistics , 68 ( 2 ) : 179 – 188 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.