Government expenditure, taxation and long-run growth

Yan, Cheng; Gong, Liutang

doi:10.1007/s11459-009-0027-y

Cited by 11 publications

(5 citation statements)

References 37 publications

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“…The essence of government competition is the competition of financial resources domination and utilization ability between local governments. Numerous studies have focused on the impact of government competition on GDP growth or R&D investment [29,31,45], while few studies focus on the impact of competition on R&D efficiency.…”

Section: Government Competition and Randd Efficiencymentioning

confidence: 99%

“…Local government competition helps to improve the supply of public goods, the allocation of economic resources and the efficiency of the public sectors [24,25]. As the main means of local government competition [26][27][28], public finance expenditure competition (fiscal competition) can improve infrastructure and the quality of public services, promote industrial agglomeration, expand the scale of foreign investment, affect the export situation, and promote economic development [29][30][31]. Government investment in R&D are public goods, and it is still a question that whether government competition can improve R&D efficiency.…”

Section: Introductionmentioning

confidence: 99%

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The Impact of Government Competition on Regional R&D Efficiency: Does Legal Environment Matter in China’s Innovation System?

Wang

et al. 2018

Sustainability

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Local governments are encouraged to compete in R&D investments and activities in China’s innovation system. We aim to understand the influence of government competition on regional R&D efficiency. We are also interested in examining how the attributes of legal environment act as a moderating variable for the relationship between government competition and R&D efficiency. We developed Tobit spatial models with spatial panel data of 30 provinces of China in 2008–2016. The results show that: (1) There exists spatial dependence of R&D efficiency, and the regions with high efficiency have “spillover effect” on the surrounding areas. (2) Government competition has a significant promoting effect on R&D efficiency and/or R&D efficiency spillover. Specifically, government competition has both R&D efficiency promotion and R&D efficiency “spillover” promotion in Eastern China, only R&D efficiency positive spillover promotion in Middle-area and R&D efficiency promotion but negative spillover in Western China. (3) The impact of government competition on efficiency is affected by the legal environment, and the promotion effect of government competition only exists in good legal environment. The results of this study reveal an important way to improve R&D efficiency by establishing a new R&D competition mechanism for local government which is oriented by efficiency and ruled by the legal environment.

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Section: Government Competition and Randd Efficiencymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Impact of Government Competition on Regional R&D Efficiency: Does Legal Environment Matter in China’s Innovation System?

Wang

et al. 2018

Sustainability

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“…Mukesh kumar (2014) [5] argues that with the Advancement of technology and use of internet in the financial and fiscal affairs globally has necessitated the e-filling of income tax and also discussed the role of intermediaries with the government to overcome the problems relating to e-filling of tax. Yan chengliang (2009) [7] stated structure of taxation and government expenditures could effect on households laborleisure choice, saving consumption choice and proportion of government expenditure to GDP. Lokesh gautham (2013) [3] says tax planning is essential…”

Section: Literature Reviewmentioning

confidence: 99%

A study on optional tax regime: Which one is beneficial for tax payers

Kumari

2023

Int. J. Finance Manage.

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In India, a new Direct Tax Regime was established in the 2020 Union budget, which will help taxpayer's more and simplified regulations relating to income tax and tax filing. It is clear from looking at many scenarios that both tax systems have benefits and drawbacks. For Indian taxpayer's, the adjustments made don't truly make life simpler. The new tax system is an excellent choice for those who have recently begun working, have a lesser salary and also for people who don't have lot of money. Investing in someone to lower their tax burden is part of the old tax system. However, everyone should bear in mind that your investment and insurance coverage shouldn't be chosen based on Tax Regime you choose.

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“…In terms of government interventions, the new growth theory, which introduces government public expenditure into the Arrow-Kurz model, was proposed, and theoretical derivation indicated that an increase in public expenditure would significantly promote economic growth (Barro, 1990). According to public finance theory, government expenditure is mainly financed through taxes; however, the advantages of tax financing are disputed, with increases in tax rates inhibiting economic growth (Yan and Gong, 2009). Just as theoretical disagreements have occurred, empirical analyses of the relationship between government intervention and economic growth have resulted in divergent conclusions (Barro and Redlick, 2011;Wang et al, 2015a).…”

Section: Determinants Of Economic Growthmentioning

confidence: 99%

Spatial heterogeneity of the economic growth pattern and influencing factors in formerly destitute areas of China

Yin

Zhang

et al. 2022

J. Geogr. Sci.

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Accelerating economic growth in formerly destitute areas and narrowing the economic gap with other regions are essential tasks for poverty alleviation in China after 2020. In this study, the spatio-temporal characteristics of economic growth in 14 formerly destitute areas of China were identified. Moreover, the spatial heterogeneity of various influencing factors was analyzed using a geographically weighted regression model. The results were as follows: (1) The economic level of the formerly destitute areas was low, but their economies grew rapidly after 2011, with annual per capita GDP growth of 10.54% until 2018, higher than the national average of 9.14%. Western and southern counties grew faster economically than central and northern counties. (2) The impact of various factors on the economic growth of counties exhibited clear spatial heterogeneity. The influences of secondary industry growth and level of financial development on economic growth were mainly positive, whereas the effects of initial economic level and market location were mainly negative. (3) Six economic growth driving modes were identified for the 14 contiguous destitute areas, among which the secondary industry-driven mode was the most common. The study can serve as a scientific reference for differentiating regional policies.

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Government expenditure, taxation and long-run growth

Abstract: economic growth, fiscal policy, taxation, government expenditure, E620, H200, O400, 经济增长, 财政政策, 税收, 公共支出,

Cited by 11 publications

References 37 publications

The Impact of Government Competition on Regional R&D Efficiency: Does Legal Environment Matter in China’s Innovation System?

The Impact of Government Competition on Regional R&D Efficiency: Does Legal Environment Matter in China’s Innovation System?

A study on optional tax regime: Which one is beneficial for tax payers

Spatial heterogeneity of the economic growth pattern and influencing factors in formerly destitute areas of China

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