摘要
李嘉图等价定理认为,政府的财政收入形式的选择,不会引起人们经济行为的调整。但是,现代经济学家们并非完全同意李嘉图的见解,无论是对其必要条件的检验还是对其结论的检验都存在着争论。而通过实证分析我国1989—2004年的政府发债分别与消费和投资的关系,可以得出结论:从历史数据来看,李嘉图等价定理在我国并不适用。
Rieardian equivalence, is an economic theory which suggests that it does not matter whether a government finances its spending with debt or tax increase, total level of interest rate, private investment, and consumption will remain unchanged. However, the necessary conditions for this theory are controversial as well as the conclusion of the theory. On analyses of the relation between government debt and consumption and investment respectively in China on the data from 1989 to 2004, the results suggest that Ricardian equivalence is not so applicable in our country from the history evidence.
出处
《经济研究导刊》
2008年第13期14-15,共2页
Economic Research Guide
关键词
李嘉图等价定理
中国
适用性分析
Ricardian equivalence
Government debt
Saving increase
Capital accumulation
