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The aim of the study is to examine the causal relationship between gaming industry and economic growth in Macau over period from 1984 to 2015. The study finds the existence of long-run cointegration relationship. But, this study does not find the one- and two-directional causal relationship between GDP and gaming tax revenues. Furthermore, gaming tax revenues have short-run effect on GDP and slightly...
Environmental taxation system generally refers to all taxes imposed in order to achieve certain environmental objectives. To introduce a carbon tax is imperative in China because it will perfect China's environmental taxation system, mitigate China's pressure of CO2 emission, establish the image of China as a responsible power, change China's economic growth pattern, and respond to the international...
Regional financial development and economic growth are closely related. The financial volume growth is important, but if not coordinated with the structure of financial assets, financial development will not be sustained, and thus also affect the long-term economic growth. This paper, starting from a regional financial asset structure, combined with Harrod-Domar model and the Tobin model of monetary...
At present, the small and medium-sized enterprises have become the most active strength in economic development, and have made the great contribution to promoting the economic growth and the social employment, increasing tax revenue and raising the living standards. Financing difficulty is always one of key factors influencing development of small and medium-sized enterprises in China. In particular,...
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