本文建構一個內生成長模型，並將勞動內生化，以長期經濟成長率的觀點來探討內債與外債之優劣。本文最終發現內外債比與經濟成長率呈現反向的變動關係，也就是政府發行外債下的經濟成長率會高於內債之發行。

We examine the relationship between internal and external debt from government, and long-run economic growth rate in an endogenous growth model with elastic labor supply. We find that there is a negative relationship between internal-external ratio and the economic growth rate. That is, the economic growth rate under external debt is higher than that under internal debt.

目錄
第一章	緒論 1
第一節	研究動機與背景 1
第二節	研究目的 2
第三節	研究架構 4
第二章	文獻回顧與探討 6
第一節	理論文獻 6
第二節	實證文獻 7
第三章	理論模型 9
第一節	廠商部門 9
第二節	家計部門 11
第三節	政府部門 14
第四節	均衡條件 16
第五節	長期均衡 18
第四章	比較靜態分析 22
第一節	全內債與全外債 22
第二節	內外債與經濟成長 25
第五章	數值分析 28
第六章	結論與建議 31
參考文獻 33 

圖目錄
圖一 各國債務占GDP之比例 3
圖二 研究流程圖 5
圖三 長期均衡存在 21
圖四 全內債與全外債之比較 24
 
表目錄
表一 數值分析參數值 28
表二 變動內外債比例 下之數值分析結果 29

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