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The Discussion on the Relationship between the Fiscal Expenditure and the Economic Growth——Based on the Empirical Analysis of Co-integration Theory and the Error Correction Model
Author(s): 
Pages: 59-62
Year: Issue:  11
Journal: Xi'an Finance

Keyword:  fiscal expenditureeconomic growthrelationshipempirical analysis;
Abstract: Based on the co-integration theory and the error correction model,the paper makes a deep empirical analysis on the relationship between the fiscal expenditure and GDP of G province from 1961 to 2014. The analysis results show that there exist the two-way granger causality and a long-term equilibrium between G province’s fiscal spending and GDP,and the increase of the fiscal expenditure can promote the growth of GDP. But there is a lag effect,and the change of GDP will cause the change of the fiscal expenditure,and they influence each other.
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