政府消费、政府投资、净出口和有效汇率——基于中国的经验和解释

发布时间：2018-03-20 22:36

本文选题：政府消费　切入点：政府投资　出处：《国际贸易问题》2015年12期 　论文类型：期刊论文

【摘要】：本文通过构建结构向量自回归模型(SVAR),对中国政府投资支出和政府消费支出的宏观经济政策效应进行实证分析,发现在开放经济条件下,政府投资支出增加导致总产出和净出口增加,实际有效汇率下降;而政府消费支出所产生的效应与政府投资支出效应相反。本文根据中国政府支出宏观经济效应的特征事实,建立了一个包涵粘性价格、习惯性消费等垄断竞争和存在正外部性的政府支出等不完全竞争因素的新开放宏观经济模型,并据此考察中国政府支出的宏观经济效应的政策传导机制。数值模拟结果发现本文建立的模型能较好地解释我国的总产出、净出口和实际有效汇率对政府投资和政府消费冲击的经验事实及政策传导机制。
[Abstract]:By constructing the structural vector autoregressive model (SVARA), this paper makes an empirical analysis of the macroeconomic policy effects of Chinese government investment expenditure and government consumption expenditure, and finds out that under the conditions of open economy, The increase of government investment expenditure leads to the increase of total output and net export, and the decrease of real effective exchange rate, while the effect of government consumption expenditure is opposite to that of government investment expenditure. A new open macroeconomic model is established, which includes monopolistic competition such as viscous price, habitual consumption and incomplete competition such as government expenditure with positive externalities. The numerical simulation results show that the model established in this paper can better explain the total output of China. The empirical facts and policy transmission mechanism of the impact of net exports and real effective exchange rates on government investment and government consumption.
【作者单位】：华侨大学经济与金融学院;西南财经大学经济与管理研究院;
【基金】：国家社科基金重大项目“财政体制不平衡的形成机制、激励结构与平衡策略研究”(15ZDA016) 教育部人文社科规划项目“地方政府视野下经济结构失衡的理论与经验研究”(15YJC790029)
【分类号】：F752.62;F812.45

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