標題:Does the expansionary government spending crowd out the private consumption?: Cointegration analysis in panel data |
---|
學年 | 94 |
---|
學期 | 2 |
---|
出版(發表)日期 | 2006/02/01 |
---|
作品名稱 | Does the expansionary government spending crowd out the private consumption?: Cointegration analysis in panel data |
---|
作品名稱(其他語言) | |
---|
著者 | 聶建中; Nieh, Chien-chung; Ho, Tsung-wu |
---|
單位 | 淡江大學財務金融學系 |
---|
出版者 | |
---|
著錄名稱、卷期、頁數 | The Quarterly Review of Economics and Finance 46(1), p.133-148 |
---|
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. |
---|
關鍵字 | Panel cointegration;Two-step estimator;SUR;Intratemporal substitution |
---|
語言 | 英文 |
---|
ISSN | |
---|
期刊性質 | 國外 |
---|
收錄於 | SSCI; |
---|
產學合作 | |
---|
通訊作者 | |
---|
審稿制度 | 否 |
---|
國別 | 荷蘭 |
---|
公開徵稿 | |
---|
出版型式 | ,電子版 |
---|
相關連結 | |
---|
SDGs | |
---|
|
Google+ 推薦功能,讓全世界都能看到您的推薦!