English  |  正體中文  |  简体中文  |  Items with full text/Total items : 64191/96979 (66%)
Visitors : 8508635      Online Users : 8296
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/72396


    Title: Does the expansionary government spending crowd out the private consumption?: Cointegration analysis in panel data
    Authors: Nieh, Chien-chung;Ho, Tsung-wu
    Contributors: 淡江大學財務金融學系
    Keywords: Panel cointegration;Two-step estimator;SUR;Intratemporal substitution
    Date: 2005-07-12
    Issue Date: 2011-10-24 10:25:19 (UTC+8)
    Publisher: Elsevier
    Abstract: That whether expansionary government spending crowds out private consumption is examined by evaluating the intra-temporal elasticity of substitution between them. Using annual data (1981–2000) of 23 OECD countries, a linear deterministic cointegration relation between private consumption, government spending and their relative price is supported. We have two findings: first, the panel estimators plausibly compute the parameter estimates in general. Second, when cross-sectional correlation is considered by using a SUR estimator, the statistical significance of panel cointegration is improved. Thirdly, the intra-temporal elasticity of substitution indicates that government and private consumption are found to be complements, which shows that expansionary government spending does not crowd out private consumption.
    Relation: The Quarterly Review of Economics and Finance 46(1), p.133-148
    DOI: 10.1016/j.qref.2004.11.004
    Appears in Collections:[財務金融學系暨研究所] 期刊論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML202View/Open
    全文.pdf414KbAdobe PDF107View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.


    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback