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首页> 外文期刊>International Journal of Business and Management >Government Expenditure Financing, Growth, and Factor Intensity
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Government Expenditure Financing, Growth, and Factor Intensity

机译：政府支出的融资，增长和要素强度

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By shedding light on the factor intensity, this paper incorporates the Romer (1986)-type knowledge spillover technology into the Uzawa (1961, 1963) two-sector model of consumption and investment goods and studies the effect of the ratio of government expenditure to total output on the economic growth rate under three types of tax financing schemes: lump-sum tax financing, income tax financing, and consumption tax financing. We find that a rise in government expenditure with lump-sum tax financing has an ambiguous effect on the balanced growth rate depending on the factor intensity between the sectors. The balanced growth rate decreases (increases) with a rise in government spending if the consumption (investment) goods sector is capital-intensive. Moreover, the result of consumption tax financing is equivalent to lump-sum tax financing, while an increase in the government expenditure with income tax financing reduces the balanced growth rate. Our two-sector model with lump-sum tax or consumption tax financing seems to be able to provide a channel through which to explain the mixed empirical findings.
机译：通过阐明要素强度，本文将Romer（1986）型知识溢出技术结合到Uzawa（1961，1963）的消费和投资商品两部门模型中，并研究了政府支出与总支出之比的影响。三种税收筹资方案下的经济增长率产出：一次性税收筹资，所得税筹资和消费税筹资。我们发现，一次性支付税收筹集的政府支出的增加对均衡增长率的影响不明确，具体取决于部门之间的因素强度。如果消费（投资）商品部门是资本密集型的​​，平衡增长率会随着政府支出的增加而减少（增加）。而且，消费税筹资的结果等同于一次性税收筹资，而政府支出和所得税筹资的增加降低了均衡增长率。我们采用一次性税收或消费税融资的两部门模型似乎能够提供一个解释混合的实证结果的渠道。

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