The Research On The Relationship Between Fiscal Revenue And Economic Growth In Northeast China

The northeast old industrial base plays a pivotal position in the history of China’s economic development and plays a fundamental role in the development of new China various industries.It also product means of material goods and transport talents throughout the country.However,with the continuous progress of the reform and opening-up policy,the northeast industrial base which like a duck to water in planned economy became more difficult to adapt to the pressure of competition in the market economy.Influenced by multiple factors such as not perfect enterprise system and thinking of planned economy,the status of the Northeast in the national economy gradually decline and it`s economic development gradually fell behind.The financial crisis in 2008 sweeping the world and further deepen the economic development of the old industrial base in Northeast China.After the financial crisis,China’s economy have a negative impact,such as lack of external demand and overcapacity problem has shown,economic development has entered an important period of the structure transformation and supply reforms,the northeast economic development facing opportunities and challenges in the new normal.At present,the economic situation is grim and the economic growth in Northeast China is in the lower level throughout the country,the revitalization of the northeast old industrial base is difficult.How to realize the recovery of the northeast old industrial base is the urgent problem that needs to be solved.This paper will study the relationship between fiscal revenue and economic growth from the perspective of financial income which in order to provide useful reference for the revitalization of Northeast China.The paper which mainly study on and analysis of the relationship between fiscal revenue and economic growth of the three provinces in Northeast China,proposed several important suggestions finally.This article mainly consists of 4 parts:The first part is introduction,which introduce the research’s background,content and significance.The paper then describes the relevant theoretical concepts and presents the review of literature.After describing the text’s structure,this study points out its innovation and deficiencies.The second part is the comparative analysis of the current situation of the fiscal revenue and economic growth in Northeast.The paper analysis the original data situation of the fiscal revenue and economic growth in the northeast,then comparative analysis the differences and similarities between the three provinces,and found the northeast economy and fiscal revenue average growth speed faster,but there are differences that mainly reflected in the level of growth,scale,tax structure,industrial structure and so on.As the focus part of this research,the third part is an empirical analysis of the northeast fiscal revenue and economic growth.we build a basic regression model at first,then carry out empirical research on the data of the three provinces which including regression analysis,co-integration test,Granger causality test,pulse response function and variance decomposition.The result show that there is a long-term equilibrium and non-symmetric causal relationship between the financial revenue and economic growth in Northeast.The fourth part is the conclusion and the policy suggestion base the northeast old industrial revitalization.The paper summarizes the previous studies and put forward several policy recommendations including taxation system,the optimization of industrial structure regulation and taxation and other aspects.