| Summary: | 碩士 === 淡江大學 === 財務金融學系 === 84 === The purpose of this study is to build a macroeconomic growth
model which suitable for Taiwan and all Asian Pacific
countries'' economic growth condition. The objective is to
observethe influences of various types of government
spending on growth in Asian Pacific area efficiently, and then
provide useful political proposals to Taiwan and other Asian
Pacific cOuntries. Theoretically, this study
follows Barro(1990) to set up an endogenous economic growth
model including three different types of government spending
behaviors : (1) productive-type expenditure; (2) government
consumption services;(3) planning economy expenditure.
With dynamic optimal control, we can solve the different
optimal economic growth pathes .
On the empirical estimation, this study first using the data in
Taiwan to build a structural VAR model. Then find the impulse
response function among variablesand do a simple Granger
causality test to understand the dynamic effects of the
government expenditure, and hopefully offer useful suggestion.
Secondly, we willalso collect the data in Asian Pacific area.
Then estimate the same effect withpanel data to investigate the
relationship among the countries. The
conclusions are as follows: first, the SVAR model results imply
the policy effect of government consumption is shorter then
government investment, but there are both positive and
negative fluctuations and the causality relationshipis
significant. Secondly, in the estimation of Asian Pacific area,
the result shows that government consumption has a negative
effect on economic growth and government investment has a
positive contribution. But the government investmentalso has a
crowed-out effect on private investment. Finally, the total
government expenditure in non-perfect planning countries has
more positive effect on economic growth.
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