| 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 | en |
| ISSN | 1326-8481 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | AUS |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/23618 ) |
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