Tax revenue, expenditure, and economic growth: An analysis of long-run relationships
Nguyen Phuong Lien & Su Dinh Thanh
Focusing on the investigation of “long-term” relationship between tax revenue, expenditure, and economic growth, this paper employs the Granger causality test and finds that the linkage between tax revenue and spending is a bi-directional causal correlation. Furthermore, applying Persyn and Westerlund’s (2008) co-integration test allows for corroboration of existence of long-run cointegration linkages among outcome of economy and the three variables. In addition, by adopting two-step system generalized method of moments (SGMM) for a dynamic panel of 82 developed and developing countries during 16-year period (2000–2015), this research demonstrates that the impact of tax revenue and spending is substantial and ambiguous, depending on different groups of economies.
Long-Term Economic Growth; Co-Integration Test; Tax Revenue And Expenditure.
2019, Journal of Asian Business and Economic Studies
Traditional craft villages play a vital role in the development of rural Vietnam. They have created millions of well-paid jobs and helped enhance the rural life. Yet, the number of researches on traditional craft villages could be only counted on the fingers of one hand, especially quantitative ones. By this paper, we would like to prove that the human capital and family traditions are decisive factors which impinge on the size, product quality and marketing strategies silk producing concerns in Vạn Phúc Village in the North Vietnam.