Papers by Keyword: Fiscal Expenditure

Abstract: The finance is the key factor in the operation of the market economy, and how to specifically evaluate the fiscal expenditure performance and the budget is a very important problem. This paper describes the effect of fiscal expenditure on the performance evaluation in detail, minutely researches the actual calculation process for performance budget, discusses the problems in the evaluation system according to the contents above, and offers the targeted suggestions to how the performance budget should reform.

Abstract: From the perspective of maximizing the economic growth rate, this paper examined the optimal size of China’s fiscal expenditure with theoretical and empirical methods. First, the paper established a Pure Public Goods Model, based on which it further estimated that during the period of 1978-2006, China’s optimal size of fiscal expenditure is about 21.82-27.28 percent of GDP. Judging by this optimal criterion, it finally divided China's policy development into three stages: (1) the higher-size stage (1978-1992); (2) the lower-size stage (1993-1999); (3) the optimal-size stage (2000-2006)