Analysis of Factors Influencing Tax Revenue in Guizhou Province—Based on Data from 1978 to 2019

Abstract

Paper adopts factor analysis theory, uses the data of Guizhou province from 1978 to 2019. Due to the tax distribution reform in China in 1994, paper takes 1994 as a cut-off point of data analysis. Through empirical research and analysis, found that the third industry share of GDP, urban residents per capita disposable income and rural residents per capita disposable income, urbanization rate, exports as a share of GDP whether before or after 94 years in 94 to tax revenues have positive effect in Guizhou, the first industry share of GDP, the fiscal expenditure proportion tax revenues and extra-budgetary revenue expenditure proportion of either before or after 94 years in 94 to tax revenues in Guizhou has a negative effect. The proportion of the secondary industry in GDP, retail price index and consumer price index had negative effects on the tax revenue of Guizhou province before the tax reform in 1994, and positive effects after the tax reform. The ratio of import to GDP had a positive effect on the tax revenue of Guizhou before the tax reform in 1994, a negative effect after the tax reform. Before the tax reform, the proportion of tertiary industry in GDP has the greatest effect on tax revenue. So far in the tax reform, the per capita disposable income of rural residents has the greatest effect on the tax revenue.