Empirical Analysis of Resident Income and Economic Growth in Guangxi, China

Junjun Zhang; Ke Gao

doi:doi:10.11648/j.ijefm.20180604.16

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Empirical Analysis of Resident Income and Economic Growth in Guangxi, China

Junjun Zhang, Ke Gao

Published in International Journal of Economics, Finance and Management Sciences (Volume 6, Issue 4)

Received: 16 September 2018 Published: 18 September 2018

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Abstract

This paper explores the current situation and causes of rapid economic growth but slow growth of residents' income since the reform and opening up in Guangxi China, and clarifies the relationship between income distribution and economic growth. According to the basic principles of economics, through the establishment of economic models, this paper makes an empirical analysis for the interrelated relationship between economic growth, income distribution of residents, fiscal revenue and economic structure. In this paper, Johansen cointegration test is used to test the cointegration relationship between these variables, and the results reflect the cointegration relationship between variables, which shows that the original regression is not a spurious regression. It also shows that although the series of variables are non-stationary, there is a long-term stable equilibrium relationship between GDP and variables. Then the paper leads to the following conclusions and suggestions: Residents' income plays an important role in economic growth, and income distribution should be appropriately inclined to residents. We must make full use of the means of fiscal regulation of income distribution. It is necessary to increase wage income, property income, and operating income of urban and rural residents. It is necessary to promote the optimization and adjustment of the economic structure. In the end, "both the country and the people are rich" will be realized.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 6, Issue 4)
DOI	10.11648/j.ijefm.20180604.16
Page(s)	185-191
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Economic Growth Model, Urban and Rural Residents’ Income, Empirical Analysis

References

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[8]	Yang Hong. Tax system for adjusting residents' income distribution [M]. Beijing: China tax press, 2010.
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APA Style

Junjun Zhang, Ke Gao. (2018). Empirical Analysis of Resident Income and Economic Growth in Guangxi, China. International Journal of Economics, Finance and Management Sciences, 6(4), 185-191. https://doi.org/10.11648/j.ijefm.20180604.16

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ACS Style

Junjun Zhang; Ke Gao. Empirical Analysis of Resident Income and Economic Growth in Guangxi, China. Int. J. Econ. Finance Manag. Sci. 2018, 6(4), 185-191. doi: 10.11648/j.ijefm.20180604.16

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AMA Style

Junjun Zhang, Ke Gao. Empirical Analysis of Resident Income and Economic Growth in Guangxi, China. Int J Econ Finance Manag Sci. 2018;6(4):185-191. doi: 10.11648/j.ijefm.20180604.16

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@article{10.11648/j.ijefm.20180604.16,
  author = {Junjun Zhang and Ke Gao},
  title = {Empirical Analysis of Resident Income and Economic Growth in Guangxi, China},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {6},
  number = {4},
  pages = {185-191},
  doi = {10.11648/j.ijefm.20180604.16},
  url = {https://doi.org/10.11648/j.ijefm.20180604.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20180604.16},
  abstract = {This paper explores the current situation and causes of rapid economic growth but slow growth of residents' income since the reform and opening up in Guangxi China, and clarifies the relationship between income distribution and economic growth. According to the basic principles of economics, through the establishment of economic models, this paper makes an empirical analysis for the interrelated relationship between economic growth, income distribution of residents, fiscal revenue and economic structure. In this paper, Johansen cointegration test is used to test the cointegration relationship between these variables, and the results reflect the cointegration relationship between variables, which shows that the original regression is not a spurious regression. It also shows that although the series of variables are non-stationary, there is a long-term stable equilibrium relationship between GDP and variables. Then the paper leads to the following conclusions and suggestions: Residents' income plays an important role in economic growth, and income distribution should be appropriately inclined to residents. We must make full use of the means of fiscal regulation of income distribution. It is necessary to increase wage income, property income, and operating income of urban and rural residents. It is necessary to promote the optimization and adjustment of the economic structure. In the end, "both the country and the people are rich" will be realized.},
 year = {2018}
}

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TY  - JOUR
T1  - Empirical Analysis of Resident Income and Economic Growth in Guangxi, China
AU  - Junjun Zhang
AU  - Ke Gao
Y1  - 2018/09/18
PY  - 2018
N1  - https://doi.org/10.11648/j.ijefm.20180604.16
DO  - 10.11648/j.ijefm.20180604.16
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 185
EP  - 191
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20180604.16
AB  - This paper explores the current situation and causes of rapid economic growth but slow growth of residents' income since the reform and opening up in Guangxi China, and clarifies the relationship between income distribution and economic growth. According to the basic principles of economics, through the establishment of economic models, this paper makes an empirical analysis for the interrelated relationship between economic growth, income distribution of residents, fiscal revenue and economic structure. In this paper, Johansen cointegration test is used to test the cointegration relationship between these variables, and the results reflect the cointegration relationship between variables, which shows that the original regression is not a spurious regression. It also shows that although the series of variables are non-stationary, there is a long-term stable equilibrium relationship between GDP and variables. Then the paper leads to the following conclusions and suggestions: Residents' income plays an important role in economic growth, and income distribution should be appropriately inclined to residents. We must make full use of the means of fiscal regulation of income distribution. It is necessary to increase wage income, property income, and operating income of urban and rural residents. It is necessary to promote the optimization and adjustment of the economic structure. In the end, "both the country and the people are rich" will be realized.
VL  - 6
IS  - 4
ER  -

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Author Information

Junjun Zhang

The School of Finance and Taxation, Central University of Finance and Economics, Beijing, P.R. China
Ke Gao

“The Belt and Road” Economic Development Research Center, Shandong University of Finance and Economics, Jinan, P. R. China

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Plain Text BibTeX RIS

APA Style

Junjun Zhang, Ke Gao. (2018). Empirical Analysis of Resident Income and Economic Growth in Guangxi, China. International Journal of Economics, Finance and Management Sciences, 6(4), 185-191. https://doi.org/10.11648/j.ijefm.20180604.16

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ACS Style

Junjun Zhang; Ke Gao. Empirical Analysis of Resident Income and Economic Growth in Guangxi, China. Int. J. Econ. Finance Manag. Sci. 2018, 6(4), 185-191. doi: 10.11648/j.ijefm.20180604.16

Copy | Download

AMA Style

Junjun Zhang, Ke Gao. Empirical Analysis of Resident Income and Economic Growth in Guangxi, China. Int J Econ Finance Manag Sci. 2018;6(4):185-191. doi: 10.11648/j.ijefm.20180604.16

Copy | Download

@article{10.11648/j.ijefm.20180604.16,
  author = {Junjun Zhang and Ke Gao},
  title = {Empirical Analysis of Resident Income and Economic Growth in Guangxi, China},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {6},
  number = {4},
  pages = {185-191},
  doi = {10.11648/j.ijefm.20180604.16},
  url = {https://doi.org/10.11648/j.ijefm.20180604.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20180604.16},
  abstract = {This paper explores the current situation and causes of rapid economic growth but slow growth of residents' income since the reform and opening up in Guangxi China, and clarifies the relationship between income distribution and economic growth. According to the basic principles of economics, through the establishment of economic models, this paper makes an empirical analysis for the interrelated relationship between economic growth, income distribution of residents, fiscal revenue and economic structure. In this paper, Johansen cointegration test is used to test the cointegration relationship between these variables, and the results reflect the cointegration relationship between variables, which shows that the original regression is not a spurious regression. It also shows that although the series of variables are non-stationary, there is a long-term stable equilibrium relationship between GDP and variables. Then the paper leads to the following conclusions and suggestions: Residents' income plays an important role in economic growth, and income distribution should be appropriately inclined to residents. We must make full use of the means of fiscal regulation of income distribution. It is necessary to increase wage income, property income, and operating income of urban and rural residents. It is necessary to promote the optimization and adjustment of the economic structure. In the end, "both the country and the people are rich" will be realized.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - Empirical Analysis of Resident Income and Economic Growth in Guangxi, China
AU  - Junjun Zhang
AU  - Ke Gao
Y1  - 2018/09/18
PY  - 2018
N1  - https://doi.org/10.11648/j.ijefm.20180604.16
DO  - 10.11648/j.ijefm.20180604.16
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 185
EP  - 191
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20180604.16
AB  - This paper explores the current situation and causes of rapid economic growth but slow growth of residents' income since the reform and opening up in Guangxi China, and clarifies the relationship between income distribution and economic growth. According to the basic principles of economics, through the establishment of economic models, this paper makes an empirical analysis for the interrelated relationship between economic growth, income distribution of residents, fiscal revenue and economic structure. In this paper, Johansen cointegration test is used to test the cointegration relationship between these variables, and the results reflect the cointegration relationship between variables, which shows that the original regression is not a spurious regression. It also shows that although the series of variables are non-stationary, there is a long-term stable equilibrium relationship between GDP and variables. Then the paper leads to the following conclusions and suggestions: Residents' income plays an important role in economic growth, and income distribution should be appropriately inclined to residents. We must make full use of the means of fiscal regulation of income distribution. It is necessary to increase wage income, property income, and operating income of urban and rural residents. It is necessary to promote the optimization and adjustment of the economic structure. In the end, "both the country and the people are rich" will be realized.
VL  - 6
IS  - 4
ER  -

Copy | Download