声明
ACKNOWLEDGEMENT
Contents
LIST OF ABBREVIATIONS
摘要
ABSTRACT
CHAPTER 1 INTRODUCTION
1.1.Background of the Study
1.2.History of Taxation in Pakistan
1.2.1.Fiscal Policy Development
1.3.History of Taxation in China
1.4 Taxation Structure of Pakistan and China
1.4.1.Personal and Corporate Income Tax Structure in China and Pakistan
1.5.How taxes affect an economy?
1.6.Tax to GDP Ratio in Pakistan and China
1.7.Tax and Economic Growth
1.8.Theoretical Framework
1.8.1.How does the tax change affect economic growth?
1.9.Why there is a difference between Pakistan and china in the way that taxes affect economic growth?
1.10.Household Consumption Expenditures
1.12.Motivation of the study
1.13.Significance of the Study
1.14.Objectives of the Study
CHAPTER 2 LITERATURE REVIEW
2.1.Introduction
2.2.Theoretieal Literature
2.2.1 Theories of Taxation and Economic Growth
2.3.Empirical Literature Review
2.4.Empirical Literature on Personal Income Tax and Household Consumption Expenditures
CHAPTER 3 DATA AND METHODOLOGY
3.1.Introduction
3.2.Data and Variables Description
3.2.1.Real GDP per capita(RGDP)
3.2.2.Personal income tax(PIT)and Corporate income tax(CIT)
3.2.3.Consumer price Index(CPI)
3.2.4.Dependency Ratio(DEP)
3.2.5.Investment
3.2.8.Savings(SAV)
3.3.Theoretical Framework
3.4.Specification of the Models
3.4.1.Economie Growth ModeI
3.4.2.Household Consumption Expenditure Model
3.5.Hypothesis
3.6.Estimation Technique
3.6.1.Unit Root Test
3.6.2.Co-Integration
3.6.3.Johansen Approach to co-integration
3.6.4.Bound Test
3.6.5.Lag Selection Criteria
3.7.Autoregressive Distributed Lag(ARDL)approach
3.7.1.The Long Run Coefficients of ARDL approach
3.8.Error Correction Model(ECM)
3.8.1.The Short Run ARDL Model
3.9.Stability Test
3.9.1.Recursive Residuals and the CUSUM Test
CHAPTER 4 RESULTS AND DISCUSSION
4.1.Introduction
4.2 Descriptive/Summary Statistics of Variables
4.3.Economic Growth Model
4.3.1.Augmented Dickey Fuller(ADF)Test
4.3.2.ARBL approach to co-integration
4.3.3.Bound Test
4.4.The Combine Modd of Taxation
4.4.1.Augmented Dickey Fuller(ADF)Test
4.4.2.Johansen’s co-integration technique
4.5.Household Consumption Expenditure Model
4.5.1.Augmented Dickey Fuller(ADF)Test
4.5.2.ARDL approach to Co-integration
4.5.3.Bound Test
4.6.Stability Tests
CHAPTER 5 SUMMARY,CONCLUSION,POLICY IMPLICATION AND LIMITATIONS OF STUDY
5.1.Summary
5.2.Conclusion
5.3.Policy Implication
5.4.Limitations of Study
REFERENCES