首页> 外文期刊>The Singapore economic review >IMPACT OF GOVERNMENT SPENDING ON INFLATION IN ASIAN EMERGING ECONOMIES: EVIDENCE FROM INDIA, CHINA, AND INDONESIA
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IMPACT OF GOVERNMENT SPENDING ON INFLATION IN ASIAN EMERGING ECONOMIES: EVIDENCE FROM INDIA, CHINA, AND INDONESIA

机译:政府支出对亚洲新兴经济体通货膨胀的影响:来自印度,中国和印度尼西亚的证据

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摘要

This paper investigates the long-run and short-run impacts of government spending on inflation in three Asian emerging economies of India, China and Indonesia by applying the cointegration and Vector Error Correction Model to time series data from 1970 to 2010. The results confirm a cointegrating causal link between government spending and inflation in the long run in these countries, regardless of their institutional governance differences. In the short run, government spending (as a percentage of GDP) appears to have a negative impact on inflation in China, while a positive impact in Indonesia and India. The implication is that governments of emerging economies should be prudent with their decisions on government spending.
机译:本文通过将协整和矢量误差校正模型应用于1970年至2010年的时间序列数据,研究了政府支出对印度,中国和印度尼西亚这三个亚洲新兴经济体通货膨胀的长期和短期影响。从长远来看,这些国家的政府支出与通货膨胀之间的因果关系是协整关系,而不管它们的体制治理如何不同。短期来看,政府支出(占GDP的百分比)似乎对中国的通胀产生负面影响,而对印度尼西亚和印度则产生正面影响。这意味着新兴经济体的政府应谨慎决策政府支出。

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