지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 저널정보
- 한국자료분석학회 Journal of The Korean Data Analysis Society Journal of The Korean Data Analysis Society 제13권 제3호
- 발행연도
- 2011.1
- 수록면
- 1,151 - 1,157 (7page)
이용수
초록· 키워드
오류제보하기
This paper extends the work of Smyth and Hsing (1995) to empirically estimate the optimal government debt ratio that maximizes economic growth using panel data of OECD countries. Empirical analysis is conducted based on an economic growth model, where the growth rate of GDP is specified as a function of the government debt ratio, the government debt ratio squared, and the growth rate of labor and capital. The panel regression results of the GDP growth model augmented by the government debt ratio indicate a significant inverse U-shaped relationship between the GDP growth rate and the government debt ratio. The optimal government debt ratio corresponding to the maximum GDP growth rate is calculated using the estimated coefficients of the panel regression, and the result stands at around 70%. Empirical results of this paper suggest that government debt of major advanced countries should be managed around such optimal level to maximize and sustain economic growth.
목차
등록된 정보가 없습니다.
참고문헌 (9)
참고문헌 신청
Barro,R / 1979 / On the determination of the public debt / Journal of Political Economy 87 : 942 ~ 972
Eisner,R / 1992 / Deficit: Which, how much, and so what / American Economic Review 82 : 295 ~ 298
Joines,D / 1991 / How large a federal deficit can we sustain / Contemporary Policy Issues 9 : 1 ~ 11
Kang, J. G. / 2001 / Test of growth convergence hypothesis based on panel data analysis / Journal of the Korean Data Analysis Society 3 (4) : 343 ~ 360
Sawhney, B. / 1994 / Public debt, deficits and economic growth: a cross-country analysis / Southern Business and Economic Journal 17 : 281 ~ 296
Eisner,R / 1992 / Deficit: Which, how much, and so what / American Economic Review 82 : 295 ~ 298
Joines,D / 1991 / How large a federal deficit can we sustain / Contemporary Policy Issues 9 : 1 ~ 11
Kang, J. G. / 2001 / Test of growth convergence hypothesis based on panel data analysis / Journal of the Korean Data Analysis Society 3 (4) : 343 ~ 360
Sawhney, B. / 1994 / Public debt, deficits and economic growth: a cross-country analysis / Southern Business and Economic Journal 17 : 281 ~ 296
이 논문의 저자 정보
최근 본 자료
댓글(0)
0