Government financings in a two-sector endogenous growth model

淡江大學機構典藏 > 商管學院 > 產業經濟學系暨研究所 > 會議論文 > Item 987654321/57617

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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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