학술논문
FISCAL DEFICITS AND ECONOMIC GROWTH IN PORTUGAL: A LONG-TERM PERSPECTIVE
이용수 6
- 영문명
- 발행기관
- People & Global Business Association
- 저자명
- Dang T Tran Bansi Sawhney
- 간행물 정보
- 『Global Business and Finance Review』Vol.8 No.2, 71~78쪽, 전체 8쪽
- 주제분류
- 경제경영 > 경영학
- 파일형태
- 발행일자
- 2003.12.31
4,000원
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
영문 초록
A time series approach which includes unit root with structural breaks, cointegration, and Granger causality is applied to a long-run economic series for Portugal to study the long-term relationship between fiscal deficits and economic growth. Output and fiscal deficits, whether measured in amounts or as percentages of output, contain unit roots but are not cointegrated. Structural changes at various break dates do not affect their unit root process. Granger-causality analysis applied to the first difference of these variables yields results that are mixed Different time periods and different measures of fiscal deficits support different theoretical views. For the period up to 1926, the neoclassical view apparently holds: growth in deficits affects economic growth negatively. For the period after 1926, however, the Keynesian view is corroborated: growing government deficits have positive effects on economic growth. The data fail to support the Ricardian equivalence view for any time period using any of the two deficit measures.
목차
Abstract
INTRODUCTION
METHODOLOGY AND SUMMARY OF RESULTS
UNIT ROOT TESTS WITH STRUCTURAL BREAKS
COINTEGRATION TEST
DEFICIT GROWTH AND OUTPUT GROWTH
EMPIRICAL RESULTS
CONCLUDING REMARKS
REFERENCES
키워드
해당간행물 수록 논문
- ASIAN FINANCIAL CRISIS OF 1997-1998: A TALE OF TWO COUNTRIES
- OUTSIDE DIRECTOR TRADING BEHAVIOR AROUND SEASONED EQUITY OFFERINGS
- FISCAL DEFICITS AND ECONOMIC GROWTH IN PORTUGAL: A LONG-TERM PERSPECTIVE
- THE GOLD AND SILVER FUTURES MARKETS: AN ANALYSIS OF SHORT-TERM PRICE REVERSAL BEHAVIOR
- THE EFFECTS OF INTEREST RATE LEVELS AND VOLATILITY ON THE MATURITY INTERMEDIATION DECISION
- AN INQUIRY ON THE SECULAR TRENDS IN THE DOLLAR-EURO EXCHANGE RATE, CRUDE OIL PRICING, AND MARKET VALUES
- THE IMPACT OF NAFTA ON THE GROWTH OF NORTH AMERICAN BILATERAL TRADE
- EMERGING MARKETS: WHERE IS THE BENEFIT OF DIVERSIFICATION?
참고문헌
관련논문
경제경영 > 경영학분야 BEST
더보기경제경영 > 경영학분야 NEW
- 머신러닝의 로지스틱 회귀를 활용한 MZ세대와 시니어 세대의 기부의도 분석
- 교육기관에서의 스마트단말기 보안위협에 대한 대응방안
- 온라인 플랫폼 환경에서 제도적 메커니즘과 신뢰 간 상호 영향에 관한 비교 연구
최근 이용한 논문
교보eBook 첫 방문을 환영 합니다!
신규가입 혜택 지급이 완료 되었습니다.
바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!