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  • 學位論文

內外債與經濟成長

Internal-External Debt and Economic Growth

指導教授 : 李順發

摘要


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。

關鍵字

政府公債 內債 外債 經濟成長

並列摘要


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.

參考文獻


Aizenman, Joshua, Kletzer, Kenneth, and Brian Pinto. (2007). Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences. Department of Economics, UCSC.Working Paper Series.
Diamond, Peter A. (1965). National Debt in a Neoclassical Growth Model. The American Economic Review, 55(5), 1126-1150.
Ho, W-M., Zeng, J., and Zhang, J.. (2007). Inflation taxation and welfare with externalities and leisure. Journal of Money, Credit and Banking, 39-1, 105-131.
Josten, Stefan Dietrich.(2000). Public Debt Policy in an Endogenous Growth Model of Perpetual Youth. Public Finance Analysis, Vol. 57, No. 2, pp. 197-215.
Krugman, Paul. (1988). Financing vs. Forgiving a Debt Overhang. Journal of Development Economics, 29(3), 253-268.

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