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題名:Accounting for Taiwan's First Post-War Negative Economic Growth
書刊名:臺灣經濟預測與政策
作者:何泰寬 引用關係
作者(外文):Ho, Tai-kuang
出版日期:2011
卷期:41:2
頁次:頁1-49
主題關鍵詞:景氣循環會計方法臺灣2001年經濟衰退同期選擇摩擦Business cycle accountingTaiwan's 2001 recessionIntra-temporal wedges
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(2) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:2
  • 共同引用共同引用:0
  • 點閱點閱:35
本文應用景氣循環會計方法來分析臺灣在2001年所經歷的經濟負成長。這是臺灣在第二次世界大戰之後,所經歷的第一次經濟負成長。我們發現勞動 (同期選擇) 摩擦是導致2001年產出與勞動投入下跌的主要因素。反應國外需求衝擊的淨出口摩擦 ,則是導致投資下跌的主要因素。既有的文獻曾經指出國外需求衝擊的影響,但是卻未曾注意到勞動 (同期選擇) 摩擦的重要性。即便在考慮不同的生產函數設定與投資調整成本之後, 我們的主要結果還是相當穩健。我們更進一步證實, 營運資金的限制是產生勞動 (同期選擇) 摩擦的最可能因素。
Weapply the method of business cycle accounting to Taiwan’s first postwar negative economic growth in 2001. We find that labor (intra-temporal) wedge was the most important factor causing the declines in output and in labor input. Net exports wedge, which represents foreign demand shock, was the most important factor causing the declines in investment. While the foreign demand shock has received attention in the literature, the importance of labor (intra-temporal)wedge to the 2001 recession is new to the literature. These findings are robust to the specification of the technology of the prototype model and the investment adjustment costs. Further more, we show that the presence of working capital constraint is the most plausible friction that has generated the observed labor (intra-temporal) wedge.
期刊論文
1.Chow, Gregory、Lin, An-loh(2002)。Accounting for Economic Growth in Taiwan and Mainland China: A Comparative Analysis。Journal of Comparative Economics,30(3),507-530。  new window
2.Chen, S. W.、Lin, J. L.(2000)。Modeling business cycles in Taiwan with Time-Varying Markov-Switching models。Academia Economic Papers,28,17-42。  new window
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4.Chakraborty, Suparna(2009)。The Boom and the Bust of the Japanese Economy: A Quantitative Look at the Period 1980-2000。Japan and the World Economy,21(1),116-131。  new window
5.Chari, Varadarajan V.、Kehoe, Patrick J.、McGrattan, Ellen R.(2007)。Business Cycle Accounting。Econometrica,75(3),781-836。  new window
6.Chen, Y.-T.、C.-S. Hsieh(2006)。On the Regime-Switching Behavior of Taiwan Real GNP Growth Rate。Academia Economic Papers,34(1),41-91。  new window
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11.Kilian, L.、L. E. Ohanian(2002)。Unit Roots, Trend Breaks, and Transitory Dynamics: A Macroeconomic Perspective。Macroeconomic Dynamics,6,614-632。  new window
12.Kliesen, K. L.(2003)。The 2001 Recession: How Was It Different and What Developments May Have Caused It?。Federal Reserve Bank of St. Louis Review,85(5),23-38。  new window
13.He, Q.、T. T.-L. Chong、K. Shi(2009)。What Accounts for Chinese Business Cycle?。China Economic Review,20(4),650-661。  new window
14.Hong, H.-Y.、S.-L. Li(2002)。Causes of the Current Economic Recession。Economic Research,2,1-20。  new window
15.Saijo, H.(2008)。The Japanese Depression in the Interwar Period: A General Equilibrium Analysis。The B. E. Journal of Macroeconomics,8(1),1-24。  new window
16.Kobayashi, Keiichiro、Inaba, Masaru(2006)。Business Cycle Accounting for the Japanese Economy。Japan and the World Economy,18(4),418-440。  new window
17.Lin, K. S.、Y.-L. Huang、C.-M. Kuan(1998)。Identifying the Turing Points of Business Cycles and Forecasting Real GNP Growth Rates in Taiwan。Taiwan Economic Review,26(4),431-457。  new window
18.McGrattan, E.(1996)。Solving the Stochastic Growth Model with a Finite Element Method。Journal of Economic Dynamics and Control,20,19-42。  new window
19.Meza, F.(2008)。Financial Crisis, Fiscal Policy and the 1995 GDP Contraction in Mexico。Journal of Money, Credit, and Banking,40(6),1239-1261。  new window
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21.Neumeyer, P. A.、F. Perri(2005)。Business Cycles in Emerging Economies: The Role of Interest Rates。Journal of Monetary Economics,52,345-380。  new window
22.Nordhaus, W. D.(2002)。The Recent Recession, the Current Recovery, and Stock Prices。Brookings Papers on Economic Activity,2002(1),199-220。  new window
23.Otsu, Keisuke(2010)。A Neoclassical Analysis of the Asian Crisis: Business Cycle Accounting for a Small Open Economy。The B. E. Journal of Macroeconomics,10(1),1-37。  new window
研究報告
1.Roubini, N.(2008)。Macroeconomic Issues and Vulnerabilities in the US and Global Economy。  new window
2.Lama, R.(2009)。Accounting for Output Drops in Latin America。  new window
圖書
1.Bernanke, B.s.、Gertler, M.、Gilchrist, S.(1999)。The Financial Accelerator in a Quantitative Business Cycle Framework。Amsterdam:North-Holland。  new window
2.Anderson, E. W.、L. P. Hansen、E. R. McGrattan、T. J. Sargent(1996)。Mechanics of Forming and Estimating Dynamic Linear Economies。Handbook of Computational Economics, Volume 1。Amsterdam。  new window
3.Corsetti, G.、P. Pesenti、N. Roubini(2001)。Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances。Regional and Global Capital Flows: Macroeconomic Causes and Consequences。Chicago, Illinois。  new window
4.Wu, T.-M.(2007)。Macroeconomics。Taipei。  new window
 
 
 
 
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