Empirical analysis of the effect of resources tax on regional financial revenue gap

The Theil index is chosen to measure financial revenue gap among four major economic regions in China from 1998 to2011,and the contribution rates of resources tax in different provinces,four major economic regions and whole country are analyzed from 1998 to 2011. Meanwhile ADF unit root test and EG cointegration test are conducted on the logarithmic time series of the Theil index and the contribution rate of resources tax in the whole country,and the double logarithm regression model and error correction model are applied to the computation. The results show that the resources tax does have a certain coordinating effect on regional financial revenue gap. Accordingly the policy recommendations are proposed to improve the resources taxation in China and promote the balanced development of regional financial revenue.