کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10479068 | 931493 | 2005 | 16 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Government size and economic growth in Taiwan: A threshold regression approach
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
The Armey curve developed by [Armey, R. (1995). The freedom revolution. Washington, DC: Rognery Publishing Co.] and [Vedder, R. K., & Gallaway, L. E. (1998). Government size and economic growth. Joint Economic Committee] demonstrates that there is a non-linear relationship between government size and economic growth. In order to search for the threshold effects, this paper employs [Hansen, B. E. (2000). Sample splitting and threshold estimation. Econometrica, 68(3), 575-603] threshold regression model to test whether the Armey curve exists in Taiwan, allowing for endogenous government size thresholds. We apply the two-sector production function developed by [Ram, R. (1986). Government size and economic growth: A new framework and some evidence from cross-section and time-series data. American Economic Review, 76(1), 191-203] to construct the threshold regression model. Three classifications of government size are tested in sequence as threshold variables. The result indicates that all three classifications of government size have a threshold effect and that a non-linear relationship of the Armey curve exists in Taiwan.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Policy Modeling - Volume 27, Issue 9, December 2005, Pages 1051-1066
Journal: Journal of Policy Modeling - Volume 27, Issue 9, December 2005, Pages 1051-1066
نویسندگان
Sheng-Tung Chen, Chien-Chiang Lee,