Volume 1, Number 2 (2016)
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Home > Journals > SCIREA Journal of Economics > Archive > Paper Information

Abnormal Supernal Macro Tax Burden Impeding Equilibrium Development of China’s Economy and Inducing Its Economy Receding

Volume 1, Issue 2, December 2016    |    PP. 93-99    |PDF (335 K)|    Pub. Date: January 12, 2017
135 Downloads     1264 Views  

Author(s)
Hejie ZHANG, College of Economics and Management, Zhejiang University of Technology, Hangzhou, 310023, P.R.C
Yaojun YANG, College of Economics and Management, Zhejiang University of Technology, Hangzhou, 310023, P.R.C

Abstract
Recent years have witnessed increasingly heavy pressure for China’s economy to recede which is an anxious phenomenon for global economists and statesmen. The paper has shed new light on that, firstly, it was the abnormal supernal macro tax burden that impeded equilibrium development of China’s economy, which further more made China’s economy to recede; secondly, it is proposed for future frame of Public Finance theory and practice. It is suggested that China’s government should pursue reasonable macro tax burden and the route of China’s modern financial and taxation system is proposed.

Keywords
Macro Tax Burden, Economic Disequilibrium and Receding, Tax Cuts, Frame of Public Finance Theory and Practice

Cite this paper
Hejie ZHANG, Yaojun YANG, Abnormal Supernal Macro Tax Burden Impeding Equilibrium Development of China’s Economy and Inducing Its Economy Receding, SCIREA Journal of Economics. Vol. 1 , No. 2 , 2016 , pp. 93 - 99 .

References

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[ 3 ] Nir Jaimovich and Sergio Rebelo, Non-linear Effects of Taxation on Growth, NBER Working Paper No.18473, October 2012.
[ 4 ] Peden, E.A., Productivity in the United States and its relationship to government activity: An analysis of 57 years, 1929-1986, Public Choice, 69 (1991), 153-173.
[ 5 ] Gerald W. Scully, Tax Rates, Tax Revenues and Economic Growth, National Center for Policy Analysis (Dallas, 1991).
[ 6 ] Heyan, Mali and Zhoujingyang, Research Overview of Fiscal Income, Tax Policy and macroeconomic Fluctuation, Western commercial Science Review, 2 (2009), 16-28.
[ 7 ] NetEase News(2016), Annual income of 24 trillion, the Chinese government's money come from?, http://data.163.com/16/0308/06/BHK8ICFD00014MTN.html.
[ 8 ] Hejie ZHANG, The Analysis of China’s inner-outer Equilibrium Policy Coordination under Three-gap Model-based on Exchange Rate Regime of a Basket of Currencies (Zhejiang Univ. Press, Hangzhou, China, 2014).
[ 9 ] Yao Shaouxue, Theory and Demonstration of optimal fiscal Income Scale (published D.Phil. dissertation, Tanjin University, 2004).
[ 10 ] Hejie ZHANG and Lu LI, New approaches in analysis of the priority of fiscal income per GDP-a case of China, Cambridge Journal of China Studies, 9 (2015), 67-72.

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