AN EMPIRICAL RELATIONSHIP AMONG TAX REVENUE, NON-TAX REVENUE, GRANTS, EXPENDITURES AND ECONOMIC GROWTH IN SRI LANKA : An analysis of Co-integration and Causality
Journal Title: Advance Research Journal of Multidisciplinary Discoveries - Year 2017, Vol 17, Issue 9
Abstract
This research article analyzed the objective of statistically finding the empirical relationship among tax revenue, non-tax revenue, grants, expenditures and economic growth in Sri Lankan context. The annual time series data used in this study were gathered from Annual Report of Central Bank of Sri Lanka for the time period of 1950 to 2014. Stability test, residual test for testing the best regression model, Johansen co-integration technique to test the long run relationship, Augmented Dickey Fuller (ADF) for unit root test, and Granger causality test for causal relationships between all the variables were the econometric technical process being used to achieve the objective of this study. It was found that ere was a direct association ship between the dependent and some of the independent variables. The R-squared of the regression model was higher than 0.9. Most of the variables were stationary at the level form I(0). It was found that there were the different types of causal relationships between all the variables. The long run relationship between all variables was identified through co-integration test.
Authors and Affiliations
S. Nisthar, AAM. Nufile
Keywords
Related Articles
- EP ID EP227441
- DOI -
- Views 81
- Downloads 0
Prevalence of maternal mortality in Khartoum state Public Hospitals (2014-2015)
This is a descriptive prospective cross sectional facility based study, conducted in Khartoum State of SUDAN Public Hospitals during the period of 2013-2015. The aims of the study were determine the prevalence of materna...
Correlation between menopausal symptoms and quality of life among postmenopausal women
Background: Menopause is a critical period in a woman’s life that is associated with multiple physical, vasomotor, psychological and sexual complaints. Objective: To assess the severity of menopausal symptoms and their i...
Energies basic numbers and geometry
In this article the MINT-Wigris model of the author for deuteron states is investigated for a new interpretation of well known natural or physical numbers. Planck numbers are the start. For nucleons and protons the hedge...
ROLE ET PLACE DE LA TRADUCTION DANS LE PROCESSUS DE LA MONDIALISATION.
Translation is a tool a vade-mecum, at the service of globalization without translation, globalization would remain elusive. Some of the translator’s tasks include cultural promotion, vulgarization of knowledge, and prom...
TONGSIS BUNG-BUNG PAH: Means of save garbage as a social facility to manage the environment of Kelampaian Ilir Village, South Borneo
Garbage is an environmental health problem that will cause the impact of morbidity on the community if not managed properly. Based on the observation in Kelampaian Ilir Village, Astambul Sub-district, Banjar Regency, alm...