Defense and Social Welfare Expenditures' Effects on Taiwan's Economic Growth (1964-2015)
學年 105
學期 2
出版（發表）日期 2017-06-01
作品名稱 Defense and Social Welfare Expenditures' Effects on Taiwan's Economic Growth (1964-2015)
作品名稱（其他語言）
著者 Johnny Shaw; Hsiao-Yun Yu; Yen-Wei Hsieh; Chien-Wen Wang
單位
出版者
著錄名稱、卷期、頁數 International Journal of Performance Measurement 7(1), p.1-24
摘要 In national fiscal expenditures, there used to be controversial discussions on the trade-off relations between military security and social welfare development. Most empirical researches merely focus on the single effect of defense expenditure or social welfare expenditure on economic growth but few on the tri-integrated research of the causal relationships among defense expenditure, social welfare expenditure and economic growth performance. This paper utilizes the Unit Root Test and Granger Causality Model to measure and discuss the causal relationships among defense expenditure, social welfare expenditure and economic growth of Taiwan from 1964 to 2015. The results show there is a bilateral negative feedback causal relationship between economic growth and defense expenditure and Taiwan has to ensure its national security, social stability and stable economic growth while facing China's long-term military threats and provocations. Its enlarged defense budget has created a phenomenon of defense expenditure increase with economic growth. Moreover, creasing defense expenditure intensifies domestic circumstances, reduces market- purchase intention and indirectly affects investment. Such negative feedback relationship seems to echo related researches that have shown the non-linear relationship between the two factors. This paper's empirical data has demonstrated that there is non-significant causal relationship between social welfare expenditure and economic growth.
關鍵字 Defense Expenditure;Social Welfare Expenditure;Economic Growth;Granger Causality Test;Performance Measurement
語言 en_US
ISSN 2165-6371
期刊性質 國內
收錄於
產學合作
通訊作者
審稿制度 否
國別 TWN
公開徵稿
出版型式 ,紙本
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