魅力中国
魅力中國
매력중국
CHARMING CHINA
2011年
5期
69
,共1页
government expenditure%government revenue%co-integration test%Granger causality test%error correction model
This study examines the long-ran equilibrium relationship between government expenditure and government revenue in China from 1990 to2009, using co-integration techniques. Meanwhile, it examines the direction of causality relationship between the variables through Granger causalitytest. Empirical findings show that there is a long run equilibrium relationship between govenunent exponditure and revenue. Granger causality test indi-cate there is no hi-directional causal relationship between the two variables.
