教師資料查詢 | 類別: 期刊論文 | 教師: 林佩蒨 Pei-chien Lin (瀏覽個人網頁)

標題:The trade effects of counter-cyclical fiscal policies
學年105
學期1
出版(發表)日期2016/09/01
作品名稱The trade effects of counter-cyclical fiscal policies
作品名稱(其他語言)
著者Ho-Chuan Huang; Pei-Chien lin
單位
出版者
著錄名稱、卷期、頁數International Review of Economics and Finance 45, pp.82-95
摘要This article assesses the causal effect of a counter-cyclical fiscal policy on industrial exports. By utilizing Rajan and Zingales's (1998) difference-in-difference methodology on a large panel of cross-country, cross-industry data over the period 1989–2004, we show that industries with higher dependence on external finance tend to export more in countries that implement fiscal policies that are more counter-cyclical. More specifically, the results of the OLS (IV) estimation indicate that there exists a difference in the gains in terms of the export share lying in a range from 9.8% to 13.5% (25.7% to 39.3%) between the industry at the 75th percentile and the 25th percentile of external finance in a country with a degree of fiscal counter-cyclicality at the 75th percentile compared with a country at the 25th percentile. Moreover, the key finding survives a variety of robustness checks.
關鍵字Fiscal policy;Counter-cyclicality;External finance;Industrial exports
語言英文
ISSN1059-0560
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Pei-Chien Lin
審稿制度
國別荷蘭
公開徵稿
出版型式,電子版,紙本
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