教師資料查詢 | 類別: 期刊論文 | 教師: 聶建中 NIEH, CHIEN-CHUNG (瀏覽個人網頁)

標題:Crowding-in or crowding-out ? Analyzing government investment in Taiwan
學年91
學期1
出版(發表)日期2002/12/01
作品名稱Crowding-in or crowding-out ? Analyzing government investment in Taiwan
作品名稱(其他語言)
著者Ho, Tsung-wu; 聶建中; Nieh, Chien-chung
單位淡江大學財務金融學系
出版者Curtin Business School and Curtin University of Technology
著錄名稱、卷期、頁數Asia pacific journal of economics and business 6(2), pp.74-92
摘要Economictheory suggests thatthe way government finances its expenditure
determines the effectiveness of fiscal expansionary policy. This paper
considers a simple investment model embedded in a Markov regimeswitching
framework, where parameters are subject to shift between
two regimes: crowding-in and crowding-out (of private investment by
government investment). Using Taiwanese data, the study finds dominant
crowding-in effects before 1980, and dominantcrowding-out effects after
1980. The dating correctly separates two exchange rate regimes (a fixed,
then a flexible rate regime). One conclusion is that fiscal policy is ineffective
in a flexible-rate regime
關鍵字
語言英文
ISSN1326-8481
期刊性質國外
收錄於
產學合作
通訊作者
審稿制度
國別澳洲
公開徵稿
出版型式,紙本
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