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    請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/57617

    題名: Government financings in a two-sector endogenous growth model
    作者: Lee, Shun-fa
    貢獻者: 淡江大學產業經濟學系
    關鍵詞: public fmance;two-sector;productive externality;endogenous growth
    日期: 2009
    上傳時間: 2012-12-03 23:22:17 (UTC+8)
    出版者: Taipei, Taiwan : Department of Industrial Economics, Tamkang University
    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.
    關聯: 2009 International Conference on Trade, Industrial and Regional Economics, 31p
    顯示於類別:[產業經濟學系暨研究所] 會議論文


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