The trade effects of counter-cyclical fiscal policies
學年 105
學期 1
出版（發表）日期 2016-09-01
作品名稱 The trade effects of counter-cyclical fiscal policies
作品名稱（其他語言）
著者 Ho-Chuan Huang; Pei-Chien lin
單位
出版者
著錄名稱、卷期、頁數 International Review of Economics and Finance 45, p.82-95
摘要 This article assesses the causal effect of a counter-cyclical fiscal policy on industrial exports. By utilizing Rajan and Zingales's (1998) difference-in-difference methodology on a large panel of cross-country, cross-industry data over the period 1989–2004, we show that industries with higher dependence on external finance tend to export more in countries that implement fiscal policies that are more counter-cyclical. More specifically, the results of the OLS (IV) estimation indicate that there exists a difference in the gains in terms of the export share lying in a range from 9.8% to 13.5% (25.7% to 39.3%) between the industry at the 75th percentile and the 25th percentile of external finance in a country with a degree of fiscal counter-cyclicality at the 75th percentile compared with a country at the 25th percentile. Moreover, the key finding survives a variety of robustness checks.
關鍵字 Fiscal policy;Counter-cyclicality;External finance;Industrial exports
語言 en
ISSN 1059-0560
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Pei-Chien Lin
審稿制度 是
國別 NLD
公開徵稿
出版型式 ,電子版,紙本
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