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System No. U0002-0307201217000100
Title (in Chinese) 政府融通方式之比較-以長期經濟成長為基礎
Title (in English) Alternative Government Financings and Long-Run Economic Growth
Other Title
Institution 淡江大學
Department (in Chinese) 產業經濟學系碩士班
Department (in English) Department of Industrial Economics
Other Division
Other Division Name
Other Department/Institution
Academic Year 100
Semester 2
PublicationYear 101
Author's name (in Chinese) 柯榮林
Author's name(in English) Rong-Lin Ke
Student ID 699540331
Degree 碩士
Language English
Other Language
Date of Oral Defense 2012-06-11
Pagination 27page
Committee Member advisor - Shun-Fa Lee
co-chair - 洪小文
co-chair - 盧佳慧
Keyword (inChinese) 經濟成長
政府融通
Keyword (in English) Economic growth
Government financing
Other Keywords
Subject
Abstract (in Chinese)
本篇論文比較四種政府融通方式之下的長期經濟成長率。模型為一個貨幣進入效用函數、勞動供給具有彈性以及生產具有外部性的單部門內生成長模型。政府可以選擇四種融通方式:租稅融通、公債融通、貨幣融通與混和融通來融通政府支出。主要發現為:在貨幣融通之下長期經濟成長率最高,其次依序為混和融通、租稅融通,而在公債融通之下最低。
Abstract (in English)
This paper follow the model of Ho, Zeng and Zhang (2007) to compare four kinds of government financings from the perspective of long-run economic growth rate. We find that the growth rate under money financing is the highest, and then under mix financing, under tax financing, and under bond financing are in order.
Other Abstract
Table of Content (with Page Number)
Content
1. Introduction......................1
2. Literatures review................2
3. The Model.........................3
  3.1 Household......................4
  3.2 Firm...........................7
  3.3 Government.....................7
4. Long-Run Analysis................12
  4.1 Steady-state conditions.......12
  4.2 The tax rate..................15
  4.3 The leisure...................17
  4.4 The economic growth rate......23
5. Conclusion.......................24
Reference...........................26
References
Barro, R.J. and X. Sala-i-Martin, 2004, “Economic Growth”, 2^nded, McGraw Hill, New York, NY.
Benjamin M. Friedman and Frank H. Hahn, 1990, “Handbook of Monetary Economics”, Elsevier Science, New York, NY.
Chen, Been-Lon and Shun-Fa Lee, 2011. “Income Taxation versus Debt Financing: a comparison”, presented at the APEA Seventh annual conference in Pusan National University, Busan, Korea.
De Gregorio, J. 1993. “Inflation, taxation, and long-run growth”, Journal of Monetary Economics 31, 271-298
Espinosa-Vega, M.A. and C.K. Yip. 1999. “Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries”, International Economic Review, 40, 595-615.
Espinosa-Vega, M.A. and C.K. Yip. 2002. “Government financing in an endogenous growth model with financial market restrictions”, Economic Theory, 20, 237-257.
Holman, J.A. and K.C. Neanidis. 2006. “Financing government expenditures in an open economy”, Journal of Economic Dynamics and Control, 20, 1315-1337.
Ho, W-M., J. Zeng and J. Zhang. 2007. “Inflation taxation and welfare with externalities and leisure”, Journal of Money, Credit and Banking, 39-1,105-131.
Marco A. Espinosa-Vega.and Chong K, Yip. 1999. “Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries”, International Economic Review, 40-3.
Ping, Wang. and Chong K, Yip. 1992. “Alternative Approaches to Money and growth”, Journal of Money, Credit and Banking, 24-4
Paul Pecorino, 1997. “The Optimal Rate of Inflation When Capital is Taxed”, Journal of Macroeconomics, 19-4, 657-673.
Stephen J. Turnovsky, 2000. “Fiscal policy, elastic labor supply, and endogenous growth”, Journal of Monetary Economics 45,185-210
Shun-Fa Lee, 2009. “Government financings in a two-sector model with productive externality”, presented at the 8th International Conference of the Japan Economic Policy Association, Center for National University Finance and Management, Tokyo, JAPAN.
Theodore Palivos and C.K. Yip, 1995. “Government Expenditure Financing in an Endogenous Growth Model: A Comparison”, Journal of Money, Credit and Banking, 27-4, 1159-1178.
Van der Ploeg, F. and G. Alogoskoufits, 1994. “Money and endogenous growth”, Journal of Money, Credit and Banking 26, 771-91.
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