| dc.contributor | 經濟系 | |
| dc.creator (作者) | 洪福聲 | |
| dc.creator (作者) | Hung, Fu-Sheng | |
| dc.creator (作者) | Lee, Chien-Chiang | |
| dc.date (日期) | 2002 | |
| dc.date.accessioned | 20-Nov-2018 09:20:20 (UTC+8) | - |
| dc.date.available | 20-Nov-2018 09:20:20 (UTC+8) | - |
| dc.date.issued (上傳時間) | 20-Nov-2018 09:20:20 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/120929 | - |
| dc.description.abstract (摘要) | This paper evaluates the e ects of the government loan guarantee program which is nanced from income taxation In contrast to recent literature whereby this program is nanced using resources outside the economy this paper nds that the loan guarantee program creates two opposite e ects to the economy An increase in the ratio that the government promises to guarantee loans on the one hand will reduce the amount of credit rationing which is shown to facilitate capital accumulation and hence promote economic growth on the other hand such an increase induces the government to raise the income tax rate leading to a distortion of the economy s capital accumulation We nd the conditions for the existence of the optimal loan guarantee ratio In particular this optimal ratio is found to inversely correlate with the indicator of nancial development implying that the government should reduce any intervention when its nancial sectors are more developed This observation is consistent with recent literature | en_US |
| dc.format.extent | 1351465 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Academia Economic Paper, 30(3), 311-340 | |
| dc.subject (關鍵詞) | 訊息不對稱 ; 貸款保證政策 ; 內生成長 ; 金融發展; Asymmetric information ; Loan guarantee program ; Endogenous growth ; Financial development | en_US |
| dc.title (題名) | Asymmetric Information, Loan Guarantee Program, and Economic Growth | en_US |
| dc.title (題名) | 訊息不對稱、貸款保證政策與經濟成長 | zh_TW |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 經濟論文, 30(3), 311-340 | |
