Government financings in a two-sector endogenous growth model
學年 97
學期 2
發表日期 2009-03-13
作品名稱 Government financings in a two-sector endogenous growth model
作品名稱（其他語言）
著者 Lee, Shun-fa
作品所屬單位 淡江大學產業經濟學系
出版者 Taipei, Taiwan : Department of Industrial Economics, Tamkang University
會議名稱 2009 International Conference on Trade, Industrial and Regional Economics
會議地點 Taipei, Taiwan
摘要 We develop a two-sector endogenous growth model with productive externality and cash-in-advance (CIA) constraint on consumption purchases to assess the effects of two government fmancings (money fmancing and income-tax fmancing) on growth, inflation and welfare. We fmd that money fmancing is superior to income-tax fmancing from a growth perspective but the reverse is true from an inflation perspective. The optimal mix of both fInancing to maximizing growth rate consists only of money fmancing and not of income taxation. In addition, from a welfare perspective, both ranking and optimal mix to maximizing welfare depend on the strength of productive externality under a small enough rate of time preference. Finally, if we add investment purchases into CIA constraint, the main results are also similar.
關鍵字 public fmance; two-sector; productive externality; endogenous growth
語言 en
收錄於
會議性質 國際
校內研討會地點 淡水校園
研討會時間 20090313~20090314
通訊作者 Lee, Shun-fa
國別 TWN
公開徵稿 Y
出版型式 紙本
出處 2009 International Conference on Trade, Industrial and Regional Economics, 31p
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/57617 )

機構典藏連結
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