| 標題：Does the expansionary government spending crowd out the private consumption?: Cointegration analysis in panel data |
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| 學年 | |
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| 學期 | |
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| 出版（發表）日期 | 2006/02/01 |
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| 作品名稱 | Does the expansionary government spending crowd out the private consumption?: Cointegration analysis in panel data |
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| 作品名稱（其他語言） | |
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| 著者 | 聶建中; Nieh, Chien-chung; Ho, Tsung-wu |
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| 單位 | 淡江大學財務金融學系 |
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| 出版者 | |
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| 著錄名稱、卷期、頁數 | The Quarterly Review of Economics and Finance 46(1), p.133-148 |
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| 摘要 | That whether expansionary government spending crowds out private consumption is examined by evaluating the intra-temporal elasticity of substitution between them. Using annual data (1981–2000) of 23 OECD countries, a linear deterministic cointegration relation between private consumption, government spending and their relative price is supported. We have two findings: first, the panel estimators plausibly compute the parameter estimates in general. Second, when cross-sectional correlation is considered by using a SUR estimator, the statistical significance of panel cointegration is improved. Thirdly, the intra-temporal elasticity of substitution indicates that government and private consumption are found to be complements, which shows that expansionary government spending does not crowd out private consumption. |
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| 關鍵字 | Panel cointegration;Two-step estimator;SUR;Intratemporal substitution |
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| 語言 | 英文 |
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| ISSN | |
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| 期刊性質 | 國外 |
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| 收錄於 | SSCI; |
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| 產學合作 | |
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| 通訊作者 | |
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| 審稿制度 | 否 |
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| 國別 | 荷蘭 |
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| 公開徵稿 | |
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| 出版型式 | ,電子版 |
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| 相關連結 | |
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| SDGs | |
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